Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
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DSC dismissed the bail application of the accused in a GST fraud case involving creation and operation of 12 fake firms for fraudulent Input Tax Credit (ITC) claims. The accused was identified as the mastermind who defrauded the government exchequer of approximately Rs. 53.03 Crores through fake billing without actual supply of goods. The court determined this constituted a grave economic offense affecting public interest, with ongoing investigation. The court found substantial flight risk and potential for evidence tampering if bail were granted, given the accused's central role in the sophisticated tax evasion scheme involving multiple phantom businesses and fraudulent documentation.
DSC dismissed the bail application of the accused in a GST fraud case involving creation and operation of 12 fake firms for fraudulent Input Tax Credit (ITC) claims. The accused was identified as the mastermind who defrauded the government exchequer of approximately Rs. 53.03 Crores through fake billing without actual supply of goods. The court determined this constituted a grave economic offense affecting public interest, with ongoing investigation. The court found substantial flight risk and potential for evidence tampering if bail were granted, given the accused's central role in the sophisticated tax evasion scheme involving multiple phantom businesses and fraudulent documentation.
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