Blocked input tax credit for resort construction remains unavailable; interest follows actual utilisation, while delayed payment attracts statutory pe...
Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
The High Court dismissed the petitions seeking cancellation of anticipatory bail granted to accused Nos. 1 and 2, who were alleged to have misappropriated over Rs. 7 crores by misusing credentials and withdrawing funds from accounts, instead of paying statutory dues. Despite the grave allegations of economic offenses u/ss 406 and 420 of the Indian Penal Code, the court held that the offenses cannot be categorized as heinous. With the arrest of accused No. 1 and ongoing investigation, the court opined that their presence could be secured by imposing stringent conditions, and there were no justifiable grounds to cancel the anticipatory bail.
The High Court dismissed the petitions seeking cancellation of anticipatory bail granted to accused Nos. 1 and 2, who were alleged to have misappropriated over Rs. 7 crores by misusing credentials and withdrawing funds from accounts, instead of paying statutory dues. Despite the grave allegations of economic offenses u/ss 406 and 420 of the Indian Penal Code, the court held that the offenses cannot be categorized as heinous. With the arrest of accused No. 1 and ongoing investigation, the court opined that their presence could be secured by imposing stringent conditions, and there were no justifiable grounds to cancel the anticipatory bail.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
