No bail to assessee for alleged of wrongful availment of ITC by fictitious transactions

Paritosh Kumar Singh Vs State Of Chhattisgarh (Chhattisgarh High Court)

Conclusion: Assessee who alleged of wrongful availment of Input Tax Credit (ITC) on the basis of fictitious transactions worth Rs. 258 Crores was not entitled to get default bail as the complaint had been filed within 60 days of their arrest which was within the time prescribed for filing of complaint to entitle or disentitle the accused persons for default bail.

Held:  Assessee had b

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