https://www.taxtmi.com/caselaws?id=768886 The HC denied bail to the accused in a CGST Act case involving fraudulent Input Tax Credit of Rs. 23.66 Crores through nine shell firms. The court determined that economic offenses constitute a distinct class of crimes requiring stringent treatment. Despite precedents cited by the defense, the court found the prima facie evidence compelling and noted risks of evidence tampering. The judgment balanced individual liberty against societal interest, concluding that the serious nature of the economic offense, its premeditated execution, and ongoing investigation justified continued detention. The bail application was dismissed without expressing opinion on case merits. en-us Wed, 09 Apr 2025 00:00:00 +0530 Fri, 11 Apr 2025 16:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768886 The HC denied bail to the accused in a CGST Act case involving fraudulent Input Tax Credit of Rs. 23.66 Crores through nine shell firms. The court determined that economic offenses constitute a distinct class of crimes requiring stringent treatment. Despite precedents cited by the defense, the court found the prima facie evidence compelling and noted risks of evidence tampering. The judgment balanced individual liberty against societal interest, concluding that the serious nature of the economic offense, its premeditated execution, and ongoing investigation justified continued detention. The bail application was dismissed without expressing opinion on case merits. Case-Laws GST Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768886