Bail Granted in Alleged ₹8.36 Crore Fake ITC Case as Investigation Was Complete

Sarthak Jain Vs Senior Intelligence Officer (Punjab and Haryana High Court) The Punjab and Haryana High Court considered a petition seeking regular bail in a prosecution under Sections 132(1)(b) and 132(1)(c), punishable under Section 132(1)(i) of the Central Goods and Services Tax Act. The prosecution alleged that the petitioner was the proprietor of one firm, a partner and authorized signatory of another, and controlled the business and financial activities of a third entity. It was alleged that through these three firms, the petitioner fraudulently availed fake Input Tax Credit (ITC) of app...