Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
The HC denied bail to the applicant accused of money laundering and collecting illegal bribes while controlling high-level management of State departments and public sector undertakings. Despite no unaccounted money being recovered, the court considered the gravity of economic offences involving deep-rooted conspiracies, huge public fund losses, and threats to the country's financial health. While economic offences warrant a different bail approach, the presumption of innocence was upheld. However, the applicant's release posed risks given the serious charges and potential witness tampering. The bail rejection prioritized the case's severity over the applicant's liberty interests.
The HC denied bail to the applicant accused of money laundering and collecting illegal bribes while controlling high-level management of State departments and public sector undertakings. Despite no unaccounted money being recovered, the court considered the gravity of economic offences involving deep-rooted conspiracies, huge public fund losses, and threats to the country's financial health. While economic offences warrant a different bail approach, the presumption of innocence was upheld. However, the applicant's release posed risks given the serious charges and potential witness tampering. The bail rejection prioritized the case's severity over the applicant's liberty interests.
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