Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
HC denied anticipatory bail in a tax fraud case involving fraudulent input tax credit and invoice manipulation. The court carefully examined the accused's role, referencing SC precedents on parity principles. Despite arguments about punishment quantum, the court prioritized broader societal interests and potential investigation impediment. The HC determined that granting anticipatory bail would potentially compromise the investigative process, considering the prima facie evidence of systematic fraudulent activities. The court emphasized that anticipatory bail is not a shield against serious accusations that adversely affect societal integrity. Accordingly, the anticipatory bail application was dismissed, preserving the investigative agency's ability to conduct a comprehensive inquiry into the alleged financial misconduct.
HC denied anticipatory bail in a tax fraud case involving fraudulent input tax credit and invoice manipulation. The court carefully examined the accused's role, referencing SC precedents on parity principles. Despite arguments about punishment quantum, the court prioritized broader societal interests and potential investigation impediment. The HC determined that granting anticipatory bail would potentially compromise the investigative process, considering the prima facie evidence of systematic fraudulent activities. The court emphasized that anticipatory bail is not a shield against serious accusations that adversely affect societal integrity. Accordingly, the anticipatory bail application was dismissed, preserving the investigative agency's ability to conduct a comprehensive inquiry into the alleged financial misconduct.
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