Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Regular bail was sought in a case alleging a large illegal liquor syndicate causing loss to the exchequer. The applicant was neither named in the FIR nor attributed any direct or overt role, and the prosecution case against the applicant rested mainly on Section 161 Cr.P.C. statements and inferred association, requiring trial-level appreciation of evidence; such evaluation is impermissible at the bail stage, which cannot become a mini-trial. As the investigation was substantially complete, custodial interrogation was unnecessary and the material was largely documentary and already secured, continued incarceration served no investigational purpose. Bail granted to a similarly placed co-accused attracted parity. The applicant was enlarged on regular bail subject to conditions. - HC
Regular bail was sought in a case alleging a large illegal liquor syndicate causing loss to the exchequer. The applicant was neither named in the FIR nor attributed any direct or overt role, and the prosecution case against the applicant rested mainly on Section 161 Cr.P.C. statements and inferred association, requiring trial-level appreciation of evidence; such evaluation is impermissible at the bail stage, which cannot become a mini-trial. As the investigation was substantially complete, custodial interrogation was unnecessary and the material was largely documentary and already secured, continued incarceration served no investigational purpose. Bail granted to a similarly placed co-accused attracted parity. The applicant was enlarged on regular bail subject to conditions. - HC
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