2021 (11) TMI 156

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...., J. (ORAL) Prayer in this petition is for grant of regular bail to the petitioner for the offence committed under Section 132 (1)(c) of CGST Act, 2017 read with Section 20 (xv) of IGST Act, 2017. While granting interim bail to the petitioner, following order was passed by this Court on 22.09.2021: - "...Learned senior counsel for the petitioner has referred to the application filed by the res....

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....d 01.11.2020 to 15.06.2021, SS had passed on approx. 40% of its ITC to be a single firm, namely Salasar Castings, Mandi Gobindgarh (prop. Sh. Krishan Lal Chopra)." Learned senior counsel has further referred to para No.14.5 with regard to statement of the petitioner, which is recorded after his arrest, wherein it is stated that he found that Shubham Steels had passed on ITC of Rs. 5.23 crores to....

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....the respondent-department that Shubham Steels has passed approximately 40% of its ITC to a single firm namely Salasar Castings, Mandi Gobindgarh, whose proprietor is petitioner Krishan Lal Chopra and as per table given in para No.4 of the application, ITC availed by Shubham Steels on purchase made from its dealers is only Rs. 12.19 crores and 40% of the same would be around Rs. 4.87 crores, qua wh....