https://www.taxtmi.com/caselaws?id=757391 Punjab & Haryana HC granted regular bail to petitioner charged under Section 132 of HGST Act for wrongful Input Tax Credit through fictitious invoices. Court noted that criminal liability depends on tax evasion determination, which remains pending adjudication under Section 74(1). Since show cause notice is unadjudicated and exact liability unfixed, with co-accused Tata Steels Ltd. also involved potentially reducing petitioner's liability, bail was granted. Petitioner must execute personal bonds of Rs. 50 Lakhs with two sureties, surrender passport, and obtain court permission before leaving country during trial. en-us Wed, 14 Aug 2024 00:00:00 +0530 Thu, 22 Aug 2024 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757391 Punjab & Haryana HC granted regular bail to petitioner charged under Section 132 of HGST Act for wrongful Input Tax Credit through fictitious invoices. Court noted that criminal liability depends on tax evasion determination, which remains pending adjudication under Section 74(1). Since show cause notice is unadjudicated and exact liability unfixed, with co-accused Tata Steels Ltd. also involved potentially reducing petitioner's liability, bail was granted. Petitioner must execute personal bonds of Rs. 50 Lakhs with two sureties, surrender passport, and obtain court permission before leaving country during trial. Case-Laws GST Wed, 14 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757391