Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
The HC granted bail to the petitioner accused of irregularly availing input tax credit through issuance of goods-less invoices without actual supply. Considering the case's triability exclusively by a judicial magistrate, compounding potential up to Rs. 5 crore with Rs. 1,37,27,000 already deposited, absence of criminal antecedents, and the petitioner's judicial custody since 2.5.2025, bail was allowed without commenting on the case merits. The petitioner was ordered released upon furnishing a personal bond of Rs. 1,00,000 with two sureties of Rs. 50,000 each, subject to appearance at trial and surrendering his passport, with travel abroad requiring prior court permission. The bail application under Section 483 B.N.S. was accordingly allowed.
The HC granted bail to the petitioner accused of irregularly availing input tax credit through issuance of goods-less invoices without actual supply. Considering the case's triability exclusively by a judicial magistrate, compounding potential up to Rs. 5 crore with Rs. 1,37,27,000 already deposited, absence of criminal antecedents, and the petitioner's judicial custody since 2.5.2025, bail was allowed without commenting on the case merits. The petitioner was ordered released upon furnishing a personal bond of Rs. 1,00,000 with two sureties of Rs. 50,000 each, subject to appearance at trial and surrendering his passport, with travel abroad requiring prior court permission. The bail application under Section 483 B.N.S. was accordingly allowed.
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