Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Bail application dismissed in a case involving serious offences u/ss 420, 467, 471 of the Indian Penal Code and Section 45 of the Prevention of Money Laundering Act, 2002, related to the use of fake, forged, and fictitious documents to obtain holding numbers. The court held that while bail is generally the rule and jail the exception, socio-economic offences with deep-rooted conspiracies affecting societal moral fibre require a different approach. The accused's prolonged incarceration was deemed inconsequential given the gravity of the offence. The investigating agency's ongoing expedited trial process was also considered. Bail was granted to a purchaser protected u/s 54 of the Transfer of Property Act on different grounds. The court emphasized the need for a judicious exercise of discretion in granting or refusing bail based on the facts and circumstances of each case.
Bail application dismissed in a case involving serious offences u/ss 420, 467, 471 of the Indian Penal Code and Section 45 of the Prevention of Money Laundering Act, 2002, related to the use of fake, forged, and fictitious documents to obtain holding numbers. The court held that while bail is generally the rule and jail the exception, socio-economic offences with deep-rooted conspiracies affecting societal moral fibre require a different approach. The accused's prolonged incarceration was deemed inconsequential given the gravity of the offence. The investigating agency's ongoing expedited trial process was also considered. Bail was granted to a purchaser protected u/s 54 of the Transfer of Property Act on different grounds. The court emphasized the need for a judicious exercise of discretion in granting or refusing bail based on the facts and circumstances of each case.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
