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 HC allowed the bail application and ordered release of the applicant subject to usual conditions. Although accused is charged with large-scale fraud exceeding Rs. 40 crores for alleged fraudulent availment of input tax credit on fabricated GST invoices, the court noted investigation is complete, the trial remains at the pre-charge evidence stage and prosecution relies predominantly on documentary and electronic evidence. The applicant had previously been enlarged on interim bail, cooperated with proceedings, has no antecedent criminal record and has endured aggregate custody exceeding four months. Balancing liberty interests and trial duration, and without expressing any opinion on merits, the bail petition was granted.
The HC allowed the bail application and ordered release of the applicant subject to usual conditions. Although accused is charged with large-scale fraud exceeding Rs. 40 crores for alleged fraudulent availment of input tax credit on fabricated GST invoices, the court noted investigation is complete, the trial remains at the pre-charge evidence stage and prosecution relies predominantly on documentary and electronic evidence. The applicant had previously been enlarged on interim bail, cooperated with proceedings, has no antecedent criminal record and has endured aggregate custody exceeding four months. Balancing liberty interests and trial duration, and without expressing any opinion on merits, the bail petition was granted.
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