Cash routed to non-existent firm deemed proceeds of crime; laundered funds and properties attachable, provisional attachments confirmed; two accounts ...
Continuation of Section 73 service-tax proceedings after provider's death (construing s.65(7)) - held to abate; posthumous OIO and recoveries invalida...
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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