Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
Reversal of input tax credit in proportion to exempt supply: specificity of show-cause notice required; order set aside, fresh proceedings allowed wit...
Regular bail under PMLA was sought by a woman accused allegedly involved in inducing victims to part with money, raising the issue whether continued judicial custody was warranted. The Court noted the long lapse between the alleged transactions and initiation of PMLA proceedings, that the principal accused was absconding, the applicant was not charge-sheeted for the predicate offence nor summoned in the related complaint, substantial restitution had already been made, and the investigation against her was complete with the prosecution complaint filed. Given likely protracted trial and absence of necessity for further custodial detention, regular bail was granted on bond and sureties subject to conditions. - HC
Regular bail under PMLA was sought by a woman accused allegedly involved in inducing victims to part with money, raising the issue whether continued judicial custody was warranted. The Court noted the long lapse between the alleged transactions and initiation of PMLA proceedings, that the principal accused was absconding, the applicant was not charge-sheeted for the predicate offence nor summoned in the related complaint, substantial restitution had already been made, and the investigation against her was complete with the prosecution complaint filed. Given likely protracted trial and absence of necessity for further custodial detention, regular bail was granted on bond and sureties subject to conditions. - HC
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