Bail granted in ITC fraud case under investigation, considering cooperation and paid tax liability

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....The HC granted bail to the accused in a case involving fraudulent availment of ITC relating to transactions from 2018-2019. The court emphasized factors such as the nature of the accusation, evidence, and risk of evidence tampering or witness intimidation. The accused has cooperated with the investigation, and documentary and electronic evidence have been secured. The accused has also paid the assessed tax liability of Rs. 1,66,89,405/-. There are no criminal antecedents, and the offense is triable by the HC. The court found no necessity for the accused's physical presence for further investigation and noted that the accused can cooperate by attending the respondent's office as required. Considering the investigation stage, the court held that continued detention served no purpose and allowed bail on execution of a PR bond of Rs. 2,00,000/- with sureties.....