The Supreme Court granted bail to Ashutosh Garg, accused of tax fraud amounting to Rs 1,032 crores through fake firms. The Court took into account the maximum penalty of five years and time served in custody. Garg’s appeal highlighted the economic impact of his actions, leading to a different approach in bail consideration.
The Supreme Court is set to address 400+ writ petitions on May 1st, challenging penal provisions under five laws. The laws under scrutiny include GST, Customs Act, Companies Act, Black Money Act, and FCRA. Additionally, a bench will address the validity of provisions under the Prevention of Money Laundering Act. Various pleas question the constitutionality and procedures of these laws.
