Alleged purchase from suspicious & fake suppliers – HC declines Bail to accused

Basudev Mittal Vs Union of India (Chhattisgarh High Court) It is alleged that the applicant has illegally availed Input Tax Credit of more than Rs.5,00,00,000/- by purchasing the goods from several suspicious and fake suppliers whose registration had already been cancelled. During search, it also came to the forefront that more than 700 vehicles, against which invoices were submitted by the applicant wherein only vehicle numbers were mentioned, have not found to be passed through the relevant toll gate. From the documents adduced, role of the applicant prima-facie appears to be serious in natu...