Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
The HC granted anticipatory bail to the petitioners, chartered accountants and statutory auditors, holding there is no prima facie evidence of a criminal conspiracy or receipt of undue favours that would justify custodial interrogation; discrepancies, at most, indicate dereliction of professional duty not warranting pre-trial detention. The court observed no disproportionate remuneration or motive linking auditors to loan procurement or siphoning, noted investigatory failures to recover alleged proceeds, and applied parity with co-accused already granted bail. Anticipatory bail is allowed subject to furnishing personal and surety bonds to the satisfaction of the trial court within 15 days and compliance with all bond conditions.
The HC granted anticipatory bail to the petitioners, chartered accountants and statutory auditors, holding there is no prima facie evidence of a criminal conspiracy or receipt of undue favours that would justify custodial interrogation; discrepancies, at most, indicate dereliction of professional duty not warranting pre-trial detention. The court observed no disproportionate remuneration or motive linking auditors to loan procurement or siphoning, noted investigatory failures to recover alleged proceeds, and applied parity with co-accused already granted bail. Anticipatory bail is allowed subject to furnishing personal and surety bonds to the satisfaction of the trial court within 15 days and compliance with all bond conditions.
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