9911796707
TMI Blog2024 (7) TMI 49X X X X Extracts X X X X X X X X Extracts X X X X ..... ant as well as learned counsel for the D.G.G.I., the nature of the offence, the punishment and the material on record and none availability of any device by using which fake firms are said to be created, the period applicant remained in jail and without expressing any opinion on the merits of the case, the Court is of the view that the applicant has made out a case for bail. The bail application i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing on fraudulent Input Tax Credit (ITC) to the tune of Rs. 14.65 crores till date and all 22 mother firms during inspection were found non-existent. Total fake ITC confirmed as on date is Rs. 163.50 crores in this case. On account of receipts of fake tax invoices without actual receipt of goods fraudulent availment of Input Tax Credit to the tune of Rs. 174.46 crores and further passing on of fak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o any device to establish that present applicant created fake mother firms and passed the ITC. It is also submitted that no liability of G.S.T. has been assessed till now. It is further submitted that till date penalty or taxes has not been ascertained as per the said Act. It is also submitted that offences as alleged are punishable up-to five years imprisonment and are compoundable. 5. It is furt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces of the case, submissions of the learned counsel for the applicant as well as learned counsel for the D.G.G.I., the nature of the offence, the punishment and the material on record and none availability of any device by using which fake firms are said to be created, the period applicant remained in jail and without expressing any opinion on the merits of the case, the Court is of the view that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the offence of which he is accused, or suspected, of the commission of which he is suspected. 5. The applicant shall not directly or indirectly make any inducement, threat or promise to any person acquainted with the facts of the case so as to dissuade him from disclosing such facts to the Court or to any police officer or tamper with the evidence. 9. In case of breach of any of the above conditi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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