Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The HC rejected the bail applications of the accused involved in large-scale GST fraud, money laundering and corruption by registering fictitious firms using misused Aadhaar and PAN cards. The accused were charged with offences u/ss 420, 467, 468, 471, and 120-B IPC. Considering the grave economic offences impacting society, the money trail of crores, the accused's influential position, and the likelihood of tampering with evidence or witnesses, the HC denied bail, upholding the principle that bail is an exception in such cases affecting the economic fabric. The relevant part of the accused's statement leading to the discovery of laptops, mobiles, SIM cards and fake invoices is admissible u/s 27 of the Indian Evidence Act.
The HC rejected the bail applications of the accused involved in large-scale GST fraud, money laundering and corruption by registering fictitious firms using misused Aadhaar and PAN cards. The accused were charged with offences u/ss 420, 467, 468, 471, and 120-B IPC. Considering the grave economic offences impacting society, the money trail of crores, the accused's influential position, and the likelihood of tampering with evidence or witnesses, the HC denied bail, upholding the principle that bail is an exception in such cases affecting the economic fabric. The relevant part of the accused's statement leading to the discovery of laptops, mobiles, SIM cards and fake invoices is admissible u/s 27 of the Indian Evidence Act.
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TaxTMI 
TaxTMI 
of 4915 
