Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
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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