Petitioners Denied Anticipatory Bail for Allegedly Misusing Input Tax Credit via Bogus Invoices; Court Dismisses Petitions.

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....Seeking grant of Anticipatory Bail - input tax credit availed on the basis of bogus invoices - failure to attend before authorities when called for - they are involved in availing and utilizing wrongful input tax credit on the strength of invoices and E-way bills, which are issued from the non-existent and suspicious firms and further passed on input tax credit to various taxpayers throughout the country, thereby causing huge loss to the State Exchequer. - no merit in both these petitions, same are dismissed. - HC....