Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
The HC granted regular bail to the accused charged with availing and passing on fraudulent ITC through bogus supplies, emphasizing that bail is generally the rule in economic offences and its refusal the exception. The Court rejected a blanket denial of bail for grave economic offences, noting the maximum prescribed sentence was five years. Given the documentary and electronic nature of evidence and absence of custodial interrogation, the Court found no risk of witness tampering or influence. Balancing the circumstances, bail was allowed subject to furnishing personal bonds with two sureties of like amount to the satisfaction of the concerned Court or Duty Magistrate. The petition for bail was accordingly allowed.
The HC granted regular bail to the accused charged with availing and passing on fraudulent ITC through bogus supplies, emphasizing that bail is generally the rule in economic offences and its refusal the exception. The Court rejected a blanket denial of bail for grave economic offences, noting the maximum prescribed sentence was five years. Given the documentary and electronic nature of evidence and absence of custodial interrogation, the Court found no risk of witness tampering or influence. Balancing the circumstances, bail was allowed subject to furnishing personal bonds with two sureties of like amount to the satisfaction of the concerned Court or Duty Magistrate. The petition for bail was accordingly allowed.
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