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TMI Blog2024 (10) TMI 1499X X X X Extracts X X X X X X X X Extracts X X X X ..... tax evasion by altering vehicle purchase invoices and deceitfully misrepresented ownership to the Regional Transport Authority. The only accusation against the petitioner herein is that he being the Managing Director of M/s. NSPIRA Management Services Private Limited, has purchased the vehicles in the name of M/s. Narayana Educational Society and caused loss to the Government to a tune of Rs. 4.48 Crores by resorting to tax evasion. On a perusal of the complaint further goes to show that the same has been given on 03.03.2024 and the same has been registered as a case in crime No.45 of 2024 of Balajinagar Police Station, SPSR Nellore district on 04.03.2024 at about 2.00 AM, for the offences punishable under Sections 120-B, 420, 467, 471, 477 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of July and August, 2023 for Rs. 20.68 crores and the payment was made by M/s. Nspira Management Services Private Limited under its GSTIN Number but tax invoices were raised in the name of M/s. Narayana Educational Society and M/s. Narayana E-Techno School. It is further alleged that the invoices contained PAN number of M/s. Narayana Educational Society and GSTIN of M/s. Nspira Management Services Private Limited. It is further alleged that M/s. Narayana Educational Society projected to RTA authorities as if the said school busses belong to educational institutions thereby got benefit of lower road tax slab rates under the A.P. M.V. Taxation Act, 1963, thereby caused huge loss to state exchequer and caused wrongful gain to M/s. Nspira Mana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the petitioner, who is the Managing Director of M/s. NSPIRA Management Services Private Limited. On the other hand, Sri Soora Venkata Sai Nath, learned Special Public Prosecutor appearing for 1st respondent-State strenuously contended that both M/s. Narayana Educational Society and the petitioner, who is the Managing Director of M/s. NSPIRA Management Services Private Limited, colluded together and resorted to tax evasion to a tune of Rs. 4.48 Crores and caused loss to the Government. He further submits that the investigation is at nascent stage and if the investigation is scuttled at this initial stage, it would be difficult for the investigating agency to cull out the true facts. In support of his contentions, he relied up on the deci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for which the vehicle was registered, or the permit was granted, attracting higher rate of tax as a vehicle falling in another category or class. Admittedly, the petitioner is the Managing Director of M/s. NSPIRA Management Services Private Limited since 2017 onwards. He is nothing to do with M/s. Narayana Educational Society. Going by the record, the accusation that has been made against M/s. Narayana Educational Society is that it is involved in tax evasion by altering vehicle purchase invoices and deceitfully misrepresented ownership to the Regional Transport Authority. The only accusation against the petitioner herein is that he being the Managing Director of M/s. NSPIRA Management Services Private Limited, has purchased the vehicles i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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