Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
DSC denied regular bail to the applicant charged with fraudulent availment and passing of ineligible input tax credits constituting economic offences. The court determined that economic offences affecting public interest require stringent approach given their impact on the country's financial health. With GST evasion totaling Rs. 358.77 crores and ongoing investigation, the court found substantial risk of evidence tampering, witness intimidation, and flight considering the applicant's influential position. The gravity of the large-scale fraud involving deep-rooted conspiracy and significant public fund losses warranted rejection of bail application to protect the investigation's integrity and public interest.
DSC denied regular bail to the applicant charged with fraudulent availment and passing of ineligible input tax credits constituting economic offences. The court determined that economic offences affecting public interest require stringent approach given their impact on the country's financial health. With GST evasion totaling Rs. 358.77 crores and ongoing investigation, the court found substantial risk of evidence tampering, witness intimidation, and flight considering the applicant's influential position. The gravity of the large-scale fraud involving deep-rooted conspiracy and significant public fund losses warranted rejection of bail application to protect the investigation's integrity and public interest.
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