Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustain...
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities e...
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
