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 DSC dismissed the bail application of the accused, a key partner of the manufacturing firm, arrested under Section 69 of the CGST Act for clandestine supply of goods without invoicing and fraudulent availing of ITC. Investigation revealed extensive cash transactions amounting to approximately Rs. 70 crore, misuse of input tax credit exceeding Rs. 9.32 crore, and GST evasion of Rs. 57.82 lakh. The accused confessed to the offences, including receipt of cash payments and payment of commission for fraudulent invoices. Given the absence of a charge sheet, the likelihood of evidence tampering, witness influence, and risk of flight, the court found bail inappropriate. Considering the gravity of the economic offences and established legal principles, the accused was denied bail to prevent obstruction of justice and ensure accountability.
The DSC dismissed the bail application of the accused, a key partner of the manufacturing firm, arrested under Section 69 of the CGST Act for clandestine supply of goods without invoicing and fraudulent availing of ITC. Investigation revealed extensive cash transactions amounting to approximately Rs. 70 crore, misuse of input tax credit exceeding Rs. 9.32 crore, and GST evasion of Rs. 57.82 lakh. The accused confessed to the offences, including receipt of cash payments and payment of commission for fraudulent invoices. Given the absence of a charge sheet, the likelihood of evidence tampering, witness influence, and risk of flight, the court found bail inappropriate. Considering the gravity of the economic offences and established legal principles, the accused was denied bail to prevent obstruction of justice and ensure accountability.
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