9911796707
TMI Blog2020 (7) TMI 342X X X X Extracts X X X X X X X X Extracts X X X X ..... input tax credit - HELD THAT:- It is deemed proper to allow the bail application. This bail application is, accordingly, allowed and it is directed that accused-petitioner shall be released on bail provided he furnishes a personal bond in the sum of 1,00,000/- together with two sureties in the sum of 50,000/- each to the satisfaction of the trial Court with the stipulation that he shall appear bef ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... claimed input tax credit. It is contended that Vijay and Kapil have been enlarged on bail who had remained in custody for a period of more than a year. The input tax credit pertaining to their firms was more than ₹ 100 crore. It is also contended that as per the charge-sheet, the input tax credit of about ₹ 7.85 crore is alleged against Maruti Traders, Balaji Traders and Tirupati Ente ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation. 8. This bail application is, accordingly, allowed and it is directed that accused-petitioner shall be released on bail provided he furnishes a personal bond in the sum of ₹ 1,00,000/- (Rupees One Lac only) together with two sureties in the sum of ₹ 50,000/- (Rupees Fifty Thousand only) each to the satisfaction of the trial Court with the stipulation that he shall appear before ..... X X X X Extracts X X X X X X X X Extracts X X X X
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