The case is at preliminary stage and enlarging the petitioner at this point of time on bail would have a detrimental effect on the investigation. This Court is not inclined to entertain this petition and grant bail to the petitioner. Accordingly, this petition is dismissed.
Section 132 of the CGST Act, 2017 – Bail – The petitioner prayed for bail for the offences under Section 132 of the Act. He submitted that he was detained illegally from 16.3.2021 and only pursuant to the complaint dated 18.3.21, was arrested on 19.3.21. He was merely a middleman in procuring the credentials of the defunct companies and passing on the same to other persons for commission and he in no way involved in the claiming of exemptions by utilising the said credentials and had not filed any statutory returns and is not a beneficiary of the said tax evasion. The respondent counsel submitted that the petitioner, knowingly, had indulged in the said act of providing the credentials of the defunct companies for monetary value which was utilised in getting tax remission by the said individuals without there being any supply of goods. The court observed that there are serious allegations against the present petitioner, who is the one of the main accused, that he along with coaccused, by perpetrating fraud and through paper transactions have claimed the relief to the tune of more than Rs.55 Crores. The case is at preliminary stage and enlarging the petitioner at this point of time on bail would have a detrimental effect on the investigation.
Held that:- The Hon’ble High Court dismissed the petition.
The case is at preliminary stage and enlarging the petitioner at this point of time on bail would have a detrimental effect on the investigation. This Court is not inclined to entertain this petition and grant bail to the petitioner. Accordingly, this petition is dismissed.
Section 132 of the CGST Act, 2017 – Bail – The petitioner prayed for bail for the offences under Section 132 of the Act. He submitted that he was detained illegally from 16.3.2021 and only pursuant to the complaint dated 18.3.21, was arrested on 19.3.21. He was merely a middleman in procuring the credentials of the defunct companies and passing on the same to other persons for commission and he in no way involved in the claiming of exemptions by utilising the said credentials and had not filed any statutory returns and is not a beneficiary of the said tax evasion. The respondent counsel submitted that the petitioner, knowingly, had indulged in the said act of providing the credentials of the defunct companies for monetary value which was utilised in getting tax remission by the said individuals without there being any supply of goods. The court observed that there are serious allegations against the present petitioner, who is the one of the main accused, that he along with coaccused, by perpetrating fraud and through paper transactions have claimed the relief to the tune of more than Rs.55 Crores. The case is at preliminary stage and enlarging the petitioner at this point of time on bail would have a detrimental effect on the investigation.
Held that:- The Hon’ble High Court dismissed the petition.