Court Grants Bail in Input Tax Credit Case; Applicant to Deposit Rs. 70 Lakhs Under Protest with Conditions Imposed.

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....Seeking grant of bail - wrongful availment of Input Tax Credit - this Court after considering all the aspects of the matter, particularly the period of detention and the amount involved finds appropriate that if the applicant deposits Rs.70 lakhs under protest or admission of the disputed amount, which would be adjusted in accordance with law, the applicant can be enlarged on bail with the conditions imposed. - HC....