2024 (7) TMI 1385

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....TA For the Petitioner Through: Mr. Jitin Singhal, Advocate. For the Respondents Through: Mr. Harpreet Singh, Sr SC, Ms. Suhani Mathur, Mr. Jatin Kumar Gaur, Mr. Chander Shekhar, Ms. Surbhi Chauhan, Mr. Sagar Chauhan, Ms. Rakhi Chauhan and Mr. Rajneesh Kumar, Advocates for R1. Mr. Sumit Goel, Ms. Sreeparna Basak and Ms. Garima Khanna, Advocates for R2/ICICI Bank. VIBHU BAKHRU, J. (ORAL) ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....formed by his banker (ICICI Bank, Dwarka, New Delhi) that its bank account No.046105000960 had been provisionally attached by the Commissioner. 3. The impugned order indicates that the Commissioner had taken such action pursuant to investigations, which revealed that the petitioner had filed Input Tax Credit (ITC) amounting to Rs.26,91,938/- from two suppliers - M/s Gupta Enterprises and M/s Su....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....torship concern of one Shesh Nath Prasad, who was a national level player of Taekwondo and worked as fitness coach. It is alleged that his identity was also used by Shyam Dev Gupta to set up the fake tax entity (M/s Sunrise Ventures). 5. It is stated that Shyam Dev Gupta also acknowledged issuing of invoices without supply of any goods from M/s Sunrise Ventures. 6. In the aforesaid context, ....