Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
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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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