Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
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The HC dismissed the petition and refused grant of pre-arrest bail in respect of summons issued by respondent No.3 under section 70 of the CGST Act, concluding that the petitioner faces specific and serious allegations of operating a fictitious firm, facilitating fraudulent input tax credit of approximately Rs. 29.4 crore, preparing false e-way bills, providing incorrect bank details and orchestrating inter-account fund rotation to evade revenue, and furnishing fictitious supplier details. The Court found the inquiry to be at a nascent stage, the petitioner non-cooperative, and a substantial revenue loss alleged; it held there is a real risk of misuse of pre-arrest bail enabling evasion of custodial interrogation, tampering with evidence or manipulation of records, warranting dismissal.
The HC dismissed the petition and refused grant of pre-arrest bail in respect of summons issued by respondent No.3 under section 70 of the CGST Act, concluding that the petitioner faces specific and serious allegations of operating a fictitious firm, facilitating fraudulent input tax credit of approximately Rs. 29.4 crore, preparing false e-way bills, providing incorrect bank details and orchestrating inter-account fund rotation to evade revenue, and furnishing fictitious supplier details. The Court found the inquiry to be at a nascent stage, the petitioner non-cooperative, and a substantial revenue loss alleged; it held there is a real risk of misuse of pre-arrest bail enabling evasion of custodial interrogation, tampering with evidence or manipulation of records, warranting dismissal.
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