Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
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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