Court Grants Bail to Local Resident in Bogus Input Tax Credit Case; Minimal Risk of Absconding Cited.

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....Seeking grant of Bail - bogus ITC was claimed - The fake business entities appear to have been identified. In other words, all the relevant materials which are required to subject the petitioner to prosecution can be said to have been collected during investigation. The petitioner happens to be a local inhabitant. The firm is being run in the name of wife of the petitioner. Being a permanent resident, the Court is of the view that there is a remote possibility of petitioner absconding or fleeing from justice. - Bail granted - HC....