Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
The HC granted anticipatory bail to the petitioner, a proprietor, and allowed the petition and bail application, directing the S.H.O. or any arresting officer to release the petitioner on bail upon arrest subject to compliance with the conditions imposed by the Court. The petitioner, not originally arrayed as an accused, was implicated in allegations of conspiracy and preparation of forged e-way bills, lorry receipts and delivery challans to claim Input Tax Credit without movement of goods; other accused have been apprehended. The Court noted that concerned proprietors have paid statutory penalties. Relief is conditioned on observance of the stipulated bail terms and any ancillary directives of the HC.
The HC granted anticipatory bail to the petitioner, a proprietor, and allowed the petition and bail application, directing the S.H.O. or any arresting officer to release the petitioner on bail upon arrest subject to compliance with the conditions imposed by the Court. The petitioner, not originally arrayed as an accused, was implicated in allegations of conspiracy and preparation of forged e-way bills, lorry receipts and delivery challans to claim Input Tax Credit without movement of goods; other accused have been apprehended. The Court noted that concerned proprietors have paid statutory penalties. Relief is conditioned on observance of the stipulated bail terms and any ancillary directives of the HC.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
