Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
The summary covers a bail application in a money laundering case involving cattle smuggling and illegal gratification paid to Border Security Force (BSF) personnel. The court considered the Supreme Court's recent decision in Manish Sisodia vs. Central Bureau of Investigation, which upheld the fundamental right to liberty under Article 21 and emphasized that prolonged incarceration before conviction should not become punishment. In the present case, the applicant, a BSF Commandant, facilitated cattle smuggling for monetary gain but was not a flight risk. The evidence being documentary, tampering or witness influence was unlikely. Considering these factors, the High Court granted regular bail to the applicant, subject to fulfilling certain conditions.
The summary covers a bail application in a money laundering case involving cattle smuggling and illegal gratification paid to Border Security Force (BSF) personnel. The court considered the Supreme Court's recent decision in Manish Sisodia vs. Central Bureau of Investigation, which upheld the fundamental right to liberty under Article 21 and emphasized that prolonged incarceration before conviction should not become punishment. In the present case, the applicant, a BSF Commandant, facilitated cattle smuggling for monetary gain but was not a flight risk. The evidence being documentary, tampering or witness influence was unlikely. Considering these factors, the High Court granted regular bail to the applicant, subject to fulfilling certain conditions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
