2021 (12) TMI 948

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....ay B. Deshmukh, Advocates for the Intervenor. P.C. 1. The prayer of the applicant for grant of anticipatory bail moved before the learned Sessions Judge in proceeding F. No.V/AE/ MC/TF-II/Swara/89/2021 is rejected vide reasoned order dated 12.10.2021. 2. The applicant has invoked jurisdiction of this Court seeking prayer for anticipatory bail. 3. The case of the revenue against the applicant i....

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.... is always subject to the assessment against the applicant in which the show-cause notice is contemplated. He would further urge that in the absence of assessment of the liability as regards the illegal tax credit availed by the applicant, the applicant cannot be taken into custody for custodial interrogation. 5. His further contention is that the companies with whom the applicant has dealt with ....

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....nt has entered into transactions for levelling such illegal input tax credit, are not in existence. The custodial interrogation is necessary so as to find out who is behind the operation of such fake companies. 7. As such, according to him, custodial interrogation is necessary. 8. Considered submissions. 9. Mr. Merchant is justified in claiming that the companies with whom the applicant has dea....