Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Page of 4801
Press 'Enter' after typing page number.
921 to 940 of 96001 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
