Gauhati HC refuses Bail to Person accused of illegally availing ITC

Amit Kumar Vs Union of India (Gauhati High Court) Court have considered the materials on record and found that this complaint alleges commission of an economic offence of huge magnitude and therefore, a thorough and detail investigation is essential. Further, considering the enormous materials collected and placed before this Court, vide the record, in respect of manipulation of invoices, etc and thereby allegedly evading tax by the petitioner to the tune of Rs. 28,97,85,917/- by way of illegally availing ITC, the enlargement of the petitioner on bail, at this stage is likely to hamper the inv...