Valuation Officer estimates govern property-value additions once statutory valuation is invoked, requiring fresh consideration of objections and compa...
Waiver of written show-cause notice may prevent a later procedural challenge after participation in customs adjudication, preserving statutory appella...
Retrospective invalidity of ocean-freight IGST supports refunds despite non-party status and prior credit utilisation, subject to authorised appeal gr...
Additional evidence in departmental appeals may include show-cause-notice material without introducing a new case where it merely corroborates existin...
Reasoned rectification orders require consideration of expenditure disclosed in income-tax returns, preventing revision based on incomplete income com...
Modified returns after business reorganisations cannot trigger fresh scrutiny once the original assessment was complete, invalidating related transfer...
Third-party loose sheets require reliable nexus before supporting unexplained expenditure additions; presumptions do not establish payer identity or o...
TNMM comparability using audited accounts and working-capital adjustments can eliminate unwarranted transfer-pricing additions where verified margins ...
HC dismissed regular bail application for accused involved in creating 353 fake firms to pass fraudulent input tax credit worth Rs. 704 crores. Court held economic offences of such magnitude constitute serious threat to economy and cannot be treated leniently despite being non-violent. Accused's conduct during proceedings, including suppression of criminal antecedents and attempt to abscond from custody, demonstrated propensity to flee and influence witnesses. Court emphasized white-collar crimes involving deliberate calculation and breach of trust are more dangerous than ordinary crimes. Given extraordinary magnitude of alleged tax evasion, accused's criminal antecedents, and flight risk demonstrated through escape attempt, bail was denied to protect public interest and ensure effective prosecution of complex economic conspiracy.
HC dismissed regular bail application for accused involved in creating 353 fake firms to pass fraudulent input tax credit worth Rs. 704 crores. Court held economic offences of such magnitude constitute serious threat to economy and cannot be treated leniently despite being non-violent. Accused's conduct during proceedings, including suppression of criminal antecedents and attempt to abscond from custody, demonstrated propensity to flee and influence witnesses. Court emphasized white-collar crimes involving deliberate calculation and breach of trust are more dangerous than ordinary crimes. Given extraordinary magnitude of alleged tax evasion, accused's criminal antecedents, and flight risk demonstrated through escape attempt, bail was denied to protect public interest and ensure effective prosecution of complex economic conspiracy.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
