https://www.taxtmi.com/caselaws?id=765246 Rajasthan HC dismissed bail application in case involving fraudulent Input Tax Credit claim worth Rs. 10.67 crores. Petitioner allegedly used fake rubber stamps, forged E-Bills, and non-existent firms to claim ITC without receiving actual goods. Court found prima facie evidence of economic fraud through seizure of fake documents and transport company owner's statement contradicting claimed routes. Citing SC precedent that economic offences require stringent treatment due to their calculated nature and impact on national economy, HC held evidence sufficiently established petitioner's culpability in revenue fraud, warranting bail denial. en-us Fri, 24 Jan 2025 00:00:00 +0530 Tue, 28 Jan 2025 08:24:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765246 Rajasthan HC dismissed bail application in case involving fraudulent Input Tax Credit claim worth Rs. 10.67 crores. Petitioner allegedly used fake rubber stamps, forged E-Bills, and non-existent firms to claim ITC without receiving actual goods. Court found prima facie evidence of economic fraud through seizure of fake documents and transport company owner's statement contradicting claimed routes. Citing SC precedent that economic offences require stringent treatment due to their calculated nature and impact on national economy, HC held evidence sufficiently established petitioner's culpability in revenue fraud, warranting bail denial. Case-Laws GST Fri, 24 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765246