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Jharkhand HC Grants Bail in ₹54 Crore Fake ITC GST Case Due to Lack of Evidence
Case Law Details
- Case Name
- Gyaan Chandra Jaiswal @ Gyan Chandra Jaiswal Vs Union of India (Jharkhand High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Jharkhand High Court
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Gyaan Chandra Jaiswal @ Gyan Chandra Jaiswal Vs Union of India (Jharkhand High Court)
Conclusion: While the prosecution alleged a massive ITC fraud involving multiple shell companies, the lack of documentary proof ultimately led the court to favour the bail.
Held: In the instant case, upon scrutiny of GSTR-2A of M/s Jai Bhole Enterprises, it appeared that M/s Jai Bhole Enterprises had availed input tax credit from various entities. Accordingly, the office initiated investigation against the above firms and during the investigation all the above said firms found to be fake. As ...
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