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 held that the prosecution collected material showing applicants' active involvement in the syndicate led by the main accused who extorted money utilized for purchasing properties. Considering the gravity of economic offences and prima facie evidence against applicants, they are not entitled to regular bail as it may hamper effective investigation. The bail applications u/s 439 CrPC are rejected.
The HC held that the prosecution collected material showing applicants' active involvement in the syndicate led by the main accused who extorted money utilized for purchasing properties. Considering the gravity of economic offences and prima facie evidence against applicants, they are not entitled to regular bail as it may hamper effective investigation. The bail applications u/s 439 CrPC are rejected.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
