Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
Regular bail was granted in a GST prosecution concerning alleged wrongful availment of input tax credit through bogus invoices under Sections 132(1)(c) and (f), because the allegations were substantially supported by documentary material. The Court noted that relevant documents had been seized, statements had been recorded, and the investigation was largely complete, while the applicant had remained in custody since 16/01/2026. As no further custodial interrogation appeared necessary, bail was allowed on personal bond and surety, and the order was directed to continue until disposal of the case.
Regular bail was granted in a GST prosecution concerning alleged wrongful availment of input tax credit through bogus invoices under Sections 132(1)(c) and (f), because the allegations were substantially supported by documentary material. The Court noted that relevant documents had been seized, statements had been recorded, and the investigation was largely complete, while the applicant had remained in custody since 16/01/2026. As no further custodial interrogation appeared necessary, bail was allowed on personal bond and surety, and the order was directed to continue until disposal of the case.
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