https://www.taxtmi.com/caselaws?id=444419 Grant of regular bail was sought in proceedings alleging monetisation of input tax credit obtained fraudulently. The statutory provision under section 132 prescribes a maximum punishment of five years, and the petitioner had already undergone over one year of incarceration; credibility of allegations will be determined at trial on evidence led by both sides. Confined to bail relief, the court found grounds for regular bail and ordered release upon furnishing bail/surety bonds to the satisfaction of the trial court or duty magistrate. en-us Wed, 11 Oct 2023 00:00:00 +0530 Tue, 13 Jan 2026 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444419 Grant of regular bail was sought in proceedings alleging monetisation of input tax credit obtained fraudulently. The statutory provision under section 132 prescribes a maximum punishment of five years, and the petitioner had already undergone over one year of incarceration; credibility of allegations will be determined at trial on evidence led by both sides. Confined to bail relief, the court found grounds for regular bail and ordered release upon furnishing bail/surety bonds to the satisfaction of the trial court or duty magistrate. Case-Laws GST Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444419