Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
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Despite the seriousness of the allegations, regular bail was granted because the petitioner had remained in custody for more than five years and nine months while the trial progressed slowly and substantial prosecution evidence still remained. The Court applied the principle that an accused cannot be kept in custody indefinitely before guilt is proved, and held that prolonged incarceration, together with incomplete examination of witnesses, justified release on bail. Bail was made subject to furnishing bonds and compliance with conditions against influencing witnesses or tampering with evidence, with liberty to seek cancellation if misused.
Despite the seriousness of the allegations, regular bail was granted because the petitioner had remained in custody for more than five years and nine months while the trial progressed slowly and substantial prosecution evidence still remained. The Court applied the principle that an accused cannot be kept in custody indefinitely before guilt is proved, and held that prolonged incarceration, together with incomplete examination of witnesses, justified release on bail. Bail was made subject to furnishing bonds and compliance with conditions against influencing witnesses or tampering with evidence, with liberty to seek cancellation if misused.
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