2019 (7) TMI 840

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....used Surpreet Singh Bakshi. IO Inspector Amar Singh in person. The reply to the bail application filed. Arguments on the bail application heard. The facts in brief of the present case are that applicant / accused is involved in fraudulent evasion of taxes to the tune more than Rs. 20 Crore and he is involved in wrongful availing of the input tax credit by way of issuing invoices of thr....

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....ad earner of his family and his wife is suffering from ailments and considering the totality of facts and circumstances, he may be admitted to bail. Ld. Counsel has relied upon the judgment of case titled as Jayachandran Alloys Pvt. Ltd. Vs. Superintendent of GST & Central Excise, Salem, (2019) 105 Taxmann.com 245 (Madras) = 2019 (5) TMI 895 - MADRAS HIGH COURT. Per contra, Ld. Senior Standing ....

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....father and brother are stated to be the Directors of M/s. Megabyte I.T. Pvt. Ltd. and his employee Rakesh Kumar Gupta is stated to be the proprietor of firm namely M/s. I.T. Solution. The applicant/ accused is stated to be managing entire affairs of all the three firms and IO has mentioned in his reply that by way of circular movement of invoices by way of fictitious sales without actual supply of....