Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Regular bail was granted in a customs smuggling investigation because the case rested chiefly on documentary material already in the custody of the DRI. The court noted that the applicant's statements had been recorded repeatedly, no incriminating material was found at his residence, and further custodial interrogation was unnecessary for confrontation with the documents. It also took into account the applicant's long custody, absence of antecedents, and regular income-tax compliance, holding that concerns about absconding or interference could be addressed by bail conditions. Continued detention was therefore found unwarranted.
Regular bail was granted in a customs smuggling investigation because the case rested chiefly on documentary material already in the custody of the DRI. The court noted that the applicant's statements had been recorded repeatedly, no incriminating material was found at his residence, and further custodial interrogation was unnecessary for confrontation with the documents. It also took into account the applicant's long custody, absence of antecedents, and regular income-tax compliance, holding that concerns about absconding or interference could be addressed by bail conditions. Continued detention was therefore found unwarranted.
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