Court Denies Bail for Misuse of Bogus Input Tax Credit; Highlights Need for Stringent Measures Against Fraudulent Activities.

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....Seeking grant of Regular Bail - utilization of bogus Input Tax Credit (ITC) through fake documents - Needless to say, such type of cheating is rampant in our society and is often adopted by fraudsters and unscrupulous persons by causing loss to the Government Exchequer. This has become a cakewalk to amass wealth illegally over night which needs to be curbed with an iron hand. - HC....