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 was granted in an economic offence involving alleged fraudulent availment of input tax credit under the CGST Act because the prosecution's case rested mainly on documentary material already in its possession. The investigation was found to be substantially complete, and no further custodial interrogation was shown to be necessary. The court also noted that the alleged offence carried a maximum punishment of five years, was compoundable, and that no specific risk of tampering with evidence or influencing witnesses was demonstrated, especially where the evidence was largely documentary. Bail was therefore allowed on bond and surety terms.
Regular bail was granted in an economic offence involving alleged fraudulent availment of input tax credit under the CGST Act because the prosecution's case rested mainly on documentary material already in its possession. The investigation was found to be substantially complete, and no further custodial interrogation was shown to be necessary. The court also noted that the alleged offence carried a maximum punishment of five years, was compoundable, and that no specific risk of tampering with evidence or influencing witnesses was demonstrated, especially where the evidence was largely documentary. Bail was therefore allowed on bond and surety terms.
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