Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
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 
of 4805
Join Channel
TaxTMI 
