https://www.taxtmi.com/caselaws?id=350866 Bail was granted because the prosecution material did not prima facie create a credible link between the applicant and the alleged shell companies, bogus billing, or unlawful input tax credit. The court found that the alleged recoveries from premises were not clearly attributable to the applicant, and the bank entries were unsupported by cogent material showing illegal consideration. As the allegations rested mainly on affidavits and statements of co-accused and witnesses, without substantive documentary proof of fictitious transactions, and there was no material showing tampering, witness threat, or absconding risk, continued custody was not justified. en-us Mon, 30 Oct 2017 00:00:00 +0530 Sat, 20 Jan 2018 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350866 Bail was granted because the prosecution material did not prima facie create a credible link between the applicant and the alleged shell companies, bogus billing, or unlawful input tax credit. The court found that the alleged recoveries from premises were not clearly attributable to the applicant, and the bank entries were unsupported by cogent material showing illegal consideration. As the allegations rested mainly on affidavits and statements of co-accused and witnesses, without substantive documentary proof of fictitious transactions, and there was no material showing tampering, witness threat, or absconding risk, continued custody was not justified. Case-Laws VAT and Sales Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350866