9911796707
TMI Blog2025 (3) TMI 1023X X X X Extracts X X X X X X X X Extracts X X X X ..... it of Input Tax Credit worth Rs. 96.95 crores though no actual goods had been exchanged between the parties. The punishment prescribed for the offence alleged in the FIR against the present applicant is to the extent of imprisonment for the period of 5 years. Having regard to the punishment prescribed for the offence so also, the fact that the trial of the offence is not likely to commence and conclude in near future, the present application deserves consideration. Conclusion - In the facts and circumstances of the case and considering the nature of the allegations made against the applicant in the FIR, without discussing the evidence in detail, prima facie, this Court is of the opinion that this is a fit case to exercise the discretion an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e, submitted to dismiss the present application. 5. I have heard the learned advocates appearing on behalf of the respective parties and perused the papers. In present case, the investigation is over and charge-sheet has been filed. As per the case of prosecution, the applicant is alleged to have transacted with 24 fictitious firms and the amount of transactions with those firms comes to Rs. 537 crores and on the basis of the said transactions, the applicant had wrongful availed the benefit of Input Tax Credit worth Rs. 96.95 crores though no actual goods had been exchanged between the parties. The punishment prescribed for the offence alleged in the FIR against the present applicant is to the extent of imprisonment for the period of 5 yea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed Police Station once in a month for a period of six months between 11.00 a.m. and 2.00 p.m.; (f) furnish the present address of his residence to the Investigating Officer and also to the Court at the time of execution of the bond and shall not change the residence without prior permission of Trial Court; 9. The authorities will release the applicant only if he is not required in connection with any other offence for the time being. If breach of any of the above conditions is committed, the Sessions Judge concerned will be free to issue warrant or take appropriate action in the matter. 10. Bail bond to be executed before the lower Court having jurisdiction to try the case. It will be open for the concerned Court to delete, modify and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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