Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
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HC granted bail to the applicant accused of alleged GST evasion by purported availment of input tax credit through fabricated firms, involving purported evasion of approximately Rs.35 crore. The court noted the offences are triable by a Magistrate and carry a maximum sentence of five years; investigation is complete and complaint filed. Emphasizing that the prosecution case is documentary and electronic in nature with official ocular witnesses, the HC found minimal risk of tampering or influencing evidence and observed protracted trial prospects. Having regard to these factors and applicable higher-court precedent, the HC allowed the bail application subject to appropriate conditions to be imposed.
HC granted bail to the applicant accused of alleged GST evasion by purported availment of input tax credit through fabricated firms, involving purported evasion of approximately Rs.35 crore. The court noted the offences are triable by a Magistrate and carry a maximum sentence of five years; investigation is complete and complaint filed. Emphasizing that the prosecution case is documentary and electronic in nature with official ocular witnesses, the HC found minimal risk of tampering or influencing evidence and observed protracted trial prospects. Having regard to these factors and applicable higher-court precedent, the HC allowed the bail application subject to appropriate conditions to be imposed.
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