High Court Denies Bail for Bogus Input Tax Credit Case Citing Severity of Economic Offenses and Petitioner's Role.

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....Seeking grant of Bail - irregular availment and passing of bogus Input Tax Credit (ITC) on the strength of those fake invoices - The Petitioner is said to have been involved in the above specific economic offences of quite significant magnitude which are considered to be grave. Such dubious roles alleged to have been played by the Petitioner stand in the direction of making hefty unlawful and unimaginable financial gain - Bail application rejected - HC....