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 ...
Gross-profit additions on disputed purchases require reasoned appellate determination; disclosed claims alone do not support inaccurate-particulars pe...
Limitation after transfer-pricing remand: fresh TPO reference did not extend the assessment deadline, rendering the consequential assessment time-barr...
DSC granted bail to accused charged with GST fraud involving creation of multiple fake firms and fictitious transactions to claim illegal input tax credit. Despite prosecution's allegations of complex fraud scheme, court found accused posed no flight risk as no summons were issued after protection withdrawal. Accused remained in custody for 57 days while complaint filing deadline approached. Court noted investigation relied primarily on documentary evidence with witness statements already recorded, indicating investigation completion. Citing precedent that continued custody served no purpose once complaint filed, DSC admitted accused to bail on furnishing Rs. 2,00,000 bond with family member surety and imposed conditions. Bail application allowed despite prosecution's flight risk concerns.
DSC granted bail to accused charged with GST fraud involving creation of multiple fake firms and fictitious transactions to claim illegal input tax credit. Despite prosecution's allegations of complex fraud scheme, court found accused posed no flight risk as no summons were issued after protection withdrawal. Accused remained in custody for 57 days while complaint filing deadline approached. Court noted investigation relied primarily on documentary evidence with witness statements already recorded, indicating investigation completion. Citing precedent that continued custody served no purpose once complaint filed, DSC admitted accused to bail on furnishing Rs. 2,00,000 bond with family member surety and imposed conditions. Bail application allowed despite prosecution's flight risk concerns.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
