Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Page of 4803
Press 'Enter' after typing page number.
1201 to 1220 of 96046 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC dismissed the petition for bail and remanded the petitioner in custody. The court held there existed reasonable grounds to believe the petitioner committed offences under s.132(1) of the CGST Act, 2017, for wrongfully availing and passing on ineligible ITC totalling Rs. 19.76 crores, exceeding the statutory threshold. A clerical error in the arrest authorization did not vitiate the reasons to believe, which were otherwise specific and reasoned. As investigation remained incomplete, several co-accused were absconding, and there was a real risk of evidence tampering, the court concluded that bail would impede the probe and therefore refused relief.
The HC dismissed the petition for bail and remanded the petitioner in custody. The court held there existed reasonable grounds to believe the petitioner committed offences under s.132(1) of the CGST Act, 2017, for wrongfully availing and passing on ineligible ITC totalling Rs. 19.76 crores, exceeding the statutory threshold. A clerical error in the arrest authorization did not vitiate the reasons to believe, which were otherwise specific and reasoned. As investigation remained incomplete, several co-accused were absconding, and there was a real risk of evidence tampering, the court concluded that bail would impede the probe and therefore refused relief.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
