https://www.taxtmi.com/caselaws?id=298053 The court granted bail to the applicant, emphasizing the arbitrary arrest and prolonged custody without concrete evidence of tax evasion. The defense argued against substantial loss of revenue, stating transactions were for inflating turnover, not tax evasion. The judgment highlighted lack of independent evidence supporting the allegations of tax evasion through circular trading. The court considered the time spent in custody and granted bail based on parity with a co-accused, stressing the need for a personal bond and surety. en-us Wed, 26 Feb 2020 00:00:00 +0530 Mon, 17 Mar 2025 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298053 The court granted bail to the applicant, emphasizing the arbitrary arrest and prolonged custody without concrete evidence of tax evasion. The defense argued against substantial loss of revenue, stating transactions were for inflating turnover, not tax evasion. The judgment highlighted lack of independent evidence supporting the allegations of tax evasion through circular trading. The court considered the time spent in custody and granted bail based on parity with a co-accused, stressing the need for a personal bond and surety. Case-Laws GST Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298053