Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
The court granted regular bail to the applicant in a money laundering case related to the alleged excise policy scam. The predicate offence was a CBI case registered under the Prevention of Corruption Act, where the applicant was named but not arrested. The applicant, an experienced professional with social work credentials, was held to satisfy the triple test for bail - no risk of tampering evidence, influencing witnesses, or fleeing. Stringent conditions were imposed, including a personal bond and sureties. The court noted the voluminous evidence, multiple accused already on bail, and the applicant's prolonged custody. The bail application was allowed, subject to fulfilment of conditions.
The court granted regular bail to the applicant in a money laundering case related to the alleged excise policy scam. The predicate offence was a CBI case registered under the Prevention of Corruption Act, where the applicant was named but not arrested. The applicant, an experienced professional with social work credentials, was held to satisfy the triple test for bail - no risk of tampering evidence, influencing witnesses, or fleeing. Stringent conditions were imposed, including a personal bond and sureties. The court noted the voluminous evidence, multiple accused already on bail, and the applicant's prolonged custody. The bail application was allowed, subject to fulfilment of conditions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
