Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
HC granted regular bail to directors accused of GST fraud involving fraudulent Input Tax Credit (ITC) through multiple firms. The accused allegedly arranged fake invoices and ITC claims, receiving cash commissions. While prosecution claimed 1,267 beneficiaries were involved, specific details and commission amounts remained undisclosed. The primary evidence was confessions under Section 70 CGST Act. Given that investigation was complete, chargesheet filed, offenses carried maximum 5-year punishment, and accused spent over 5 months in custody with no immediate trial prospects, HC deemed continued detention unjustified. Bail was granted subject to furnishing bonds and sureties to trial court's satisfaction.
HC granted regular bail to directors accused of GST fraud involving fraudulent Input Tax Credit (ITC) through multiple firms. The accused allegedly arranged fake invoices and ITC claims, receiving cash commissions. While prosecution claimed 1,267 beneficiaries were involved, specific details and commission amounts remained undisclosed. The primary evidence was confessions under Section 70 CGST Act. Given that investigation was complete, chargesheet filed, offenses carried maximum 5-year punishment, and accused spent over 5 months in custody with no immediate trial prospects, HC deemed continued detention unjustified. Bail was granted subject to furnishing bonds and sureties to trial court's satisfaction.
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