Reopening of assessment cannot rest solely on an audit party's opinion; reassessment under Section 147/148 is impermissible and power of revision shou...
Tested party selection: functional analysis identified the least complex unit as the appropriate tested party, altering the transfer pricing adjustmen...
Prima facie satisfaction of the twin conditions under the PMLA governs entitlement to regular bail: where material on record does not show direct overt acts linking the accused to a money trail and investigation qua the accused is substantially complete, courts may grant bail subject to stringent conditions. Parity with co-accused already released is a relevant factor favouring bail. Speculative or generalized apprehensions of tampering or reoffending are insufficient to justify continued custody when tailored conditions (reporting, non-contact with witnesses, passport surrender, etc.) can mitigate risks and Article 21 protections apply.
Prima facie satisfaction of the twin conditions under the PMLA governs entitlement to regular bail: where material on record does not show direct overt acts linking the accused to a money trail and investigation qua the accused is substantially complete, courts may grant bail subject to stringent conditions. Parity with co-accused already released is a relevant factor favouring bail. Speculative or generalized apprehensions of tampering or reoffending are insufficient to justify continued custody when tailored conditions (reporting, non-contact with witnesses, passport surrender, etc.) can mitigate risks and Article 21 protections apply.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
