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...
HC allowed the applicant's bail application and ordered release on furnishing appropriate surety. The applicant, accused of embezzling funds exceeding Rs.120 crores through fictitious suppliers to facilitate illegal sales and GST evasion, was held to face a prosecution principally reliant on documentary and electronic evidence, with investigation completed and trial likely to be protracted. Although the offence under s.132(1)(i) C.G.S.T. Act is cognizable and non-bailable, it carries a maximum sentence of five years and is triable by a Magistrate. The applicant has no antecedent criminal record and there is no demonstrable risk of tampering with documentary proof; accordingly, applying settled principles governing custodial bail, release on bail was directed.
HC allowed the applicant's bail application and ordered release on furnishing appropriate surety. The applicant, accused of embezzling funds exceeding Rs.120 crores through fictitious suppliers to facilitate illegal sales and GST evasion, was held to face a prosecution principally reliant on documentary and electronic evidence, with investigation completed and trial likely to be protracted. Although the offence under s.132(1)(i) C.G.S.T. Act is cognizable and non-bailable, it carries a maximum sentence of five years and is triable by a Magistrate. The applicant has no antecedent criminal record and there is no demonstrable risk of tampering with documentary proof; accordingly, applying settled principles governing custodial bail, release on bail was directed.
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