https://www.taxtmi.com/caselaws?id=448698 In a case alleging fraudulent availing and passing on of input tax credit through forged firms and bogus invoices, the HC declined regular bail because the allegations disclosed a serious economic offence with substantial revenue implications. The Court noted that the investigation was still continuing and that the risk of tampering with evidence or influencing witnesses could not be ruled out. Applying bail principles in the context of grave economic offences, it held that the stage of investigation and the seriousness of the accusations weighed against release. The bail application was refused, and custody was continued pending expeditious completion of the investigation. en-us Mon, 08 Jan 2024 00:00:00 +0530 Fri, 25 Apr 2025 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448698 In a case alleging fraudulent availing and passing on of input tax credit through forged firms and bogus invoices, the HC declined regular bail because the allegations disclosed a serious economic offence with substantial revenue implications. The Court noted that the investigation was still continuing and that the risk of tampering with evidence or influencing witnesses could not be ruled out. Applying bail principles in the context of grave economic offences, it held that the stage of investigation and the seriousness of the accusations weighed against release. The bail application was refused, and custody was continued pending expeditious completion of the investigation. Case-Laws GST Mon, 08 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448698