Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
Modified returns after business reorganisation must be assessed within pending proceedings, barring parallel scrutiny and consequential transfer prici...
HC denied bail in tax fraud case involving fraudulent Input Tax Credit (ITC) exceeding Rs. 11.97 crore. Despite petitioners' claims of being permanent residents, the court found substantial evidence of systematic tax evasion under CGST Act Sections 132(1)(b), 132(1)(c), and 132(1)(f). The court emphasized the potential risk to investigation process beyond physical disappearance, noting the ability to manipulate evidence and procedural systems. Given the significant public revenue implications and prima facie documentary evidence of fraudulent practices, the bail applications were dismissed, prioritizing the integrity of the ongoing financial investigation.
HC denied bail in tax fraud case involving fraudulent Input Tax Credit (ITC) exceeding Rs. 11.97 crore. Despite petitioners' claims of being permanent residents, the court found substantial evidence of systematic tax evasion under CGST Act Sections 132(1)(b), 132(1)(c), and 132(1)(f). The court emphasized the potential risk to investigation process beyond physical disappearance, noting the ability to manipulate evidence and procedural systems. Given the significant public revenue implications and prima facie documentary evidence of fraudulent practices, the bail applications were dismissed, prioritizing the integrity of the ongoing financial investigation.
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TaxTMI 
TaxTMI 
of 4897 
