https://www.taxtmi.com/caselaws?id=784013 Regular bail was sought in a prosecution alleging large-scale service tax evasion by the accused, who, as key managerial functionaries, were alleged to have received substantial consideration for taxable services but failed to self-assess correctly and file statutory returns, resulting in an adjudicated liability of about Rs. 55 crores. The HC held that the alleged conduct constituted a grave economic offence affecting public revenue, that the accused were prima facie masterminds and beneficiaries of the evasion, and that they had not cooperated with investigation or produced records despite notices, attracting the caveat in SC precedent on bail where an accused avoids process. Bail was refused and the petition dismissed. en-us Wed, 24 Dec 2025 00:00:00 +0530 Sat, 27 Dec 2025 08:05:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784013 Regular bail was sought in a prosecution alleging large-scale service tax evasion by the accused, who, as key managerial functionaries, were alleged to have received substantial consideration for taxable services but failed to self-assess correctly and file statutory returns, resulting in an adjudicated liability of about Rs. 55 crores. The HC held that the alleged conduct constituted a grave economic offence affecting public revenue, that the accused were prima facie masterminds and beneficiaries of the evasion, and that they had not cooperated with investigation or produced records despite notices, attracting the caveat in SC precedent on bail where an accused avoids process. Bail was refused and the petition dismissed. Case-Laws Service Tax Wed, 24 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784013