The bench directed that the interim amount deposited, if any , made during the writ as per the directions of High Court shall be treated as compliance with the pre-deposit requirement under Section 112(8).

Mere non-reflection of income in ST-3 returns, without establishing taxability, cannot be equated with deliberate suppression’ stated the appellate tribunal.

Highlighting the seriousness of the offence and the applicant’s role in a conspiracy, the state also opposed the bail.