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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...
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The HC granted regular bail to the petitioners charged under Section 132 of the CGST Act, rejecting the denial of bail solely due to pending investigation against co-accused. The Court emphasized that bail decisions must be individualized, considering the accused's specific role, nature of accusations, evidence, and other relevant factors. The petitioners demonstrated clean antecedents, cooperation with the investigation, and the evidence primarily consisted of documentary and electronic material already with the agency. Consequently, the petitioners were ordered released on furnishing bail bonds/surety bonds to the satisfaction of the trial court, subject to compliance with imposed conditions. The ruling reaffirmed that bail cannot be withheld merely because investigations continue against others implicated in the same complaint.
The HC granted regular bail to the petitioners charged under Section 132 of the CGST Act, rejecting the denial of bail solely due to pending investigation against co-accused. The Court emphasized that bail decisions must be individualized, considering the accused's specific role, nature of accusations, evidence, and other relevant factors. The petitioners demonstrated clean antecedents, cooperation with the investigation, and the evidence primarily consisted of documentary and electronic material already with the agency. Consequently, the petitioners were ordered released on furnishing bail bonds/surety bonds to the satisfaction of the trial court, subject to compliance with imposed conditions. The ruling reaffirmed that bail cannot be withheld merely because investigations continue against others implicated in the same complaint.
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