Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
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.
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