Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
The HC granted interim bail to the petitioner accused under PMLA, specifically invoking the first proviso to Section 45, which permits bail when the accused is seriously ill with a life-threatening condition requiring specialized treatment unavailable in jail hospitals. The Court found that the petitioner's medical condition warranted surgical intervention and that the petitioner was being inadequately treated while in custody. Balancing the gravity of the economic offenses with the petitioner's health needs, the Court exercised discretion to allow interim bail, subject to the petitioner's undertaking not to leave Gurugram jurisdiction during the bail period. Consequently, the bail application was allowed to facilitate appropriate medical care in a hospital of the petitioner's choice.
The HC granted interim bail to the petitioner accused under PMLA, specifically invoking the first proviso to Section 45, which permits bail when the accused is seriously ill with a life-threatening condition requiring specialized treatment unavailable in jail hospitals. The Court found that the petitioner's medical condition warranted surgical intervention and that the petitioner was being inadequately treated while in custody. Balancing the gravity of the economic offenses with the petitioner's health needs, the Court exercised discretion to allow interim bail, subject to the petitioner's undertaking not to leave Gurugram jurisdiction during the bail period. Consequently, the bail application was allowed to facilitate appropriate medical care in a hospital of the petitioner's choice.
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