Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
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The HC allowed the applicant's bail application and ordered release on furnishing requisite surety and complying with imposed conditions. The court noted allegations of large-scale GST fraud involving fictitious ITC transfers approximating Rs.185 crore and charges under the CGST Act, but emphasized the applicant's one-year custodial incarceration, that the offences carry a maximum punishment of five years and are magistrate-triable, and that trial remains at an early stage. Relying on appellate precedent recognizing documentary/electronic evidence and completed investigation as bail factors, the court reiterated that bail is the norm and detention the exception. Accordingly, bail was granted subject to supervisory conditions and prosecutorial safeguards.
The HC allowed the applicant's bail application and ordered release on furnishing requisite surety and complying with imposed conditions. The court noted allegations of large-scale GST fraud involving fictitious ITC transfers approximating Rs.185 crore and charges under the CGST Act, but emphasized the applicant's one-year custodial incarceration, that the offences carry a maximum punishment of five years and are magistrate-triable, and that trial remains at an early stage. Relying on appellate precedent recognizing documentary/electronic evidence and completed investigation as bail factors, the court reiterated that bail is the norm and detention the exception. Accordingly, bail was granted subject to supervisory conditions and prosecutorial safeguards.
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