https://www.taxtmi.com/caselaws?id=436317 The HC rejected bail applications of three petitioners accused of operating fictitious business entities to fraudulently claim input tax credit worth Rs. 316 crores through fake invoices and forged documents. Despite being in custody for over seven months with charge sheet filed, the court found prima facie evidence of economic offences involving substantial tax evasion. The court considered the magnitude of alleged fraud, sophisticated modus operandi using non-existent entities, and fact that co-accused remained at large as grounds for denying bail at this stage. en-us Wed, 05 Apr 2023 00:00:00 +0530 Wed, 16 Apr 2025 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436317 The HC rejected bail applications of three petitioners accused of operating fictitious business entities to fraudulently claim input tax credit worth Rs. 316 crores through fake invoices and forged documents. Despite being in custody for over seven months with charge sheet filed, the court found prima facie evidence of economic offences involving substantial tax evasion. The court considered the magnitude of alleged fraud, sophisticated modus operandi using non-existent entities, and fact that co-accused remained at large as grounds for denying bail at this stage. Case-Laws GST Wed, 05 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436317