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...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
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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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