Allahabad HC Grants Bail in Alleged ITC Fraud Case Involving Fake Invoices

Pradip Kumar Jain Vs Union of India (Allahabad High Court)

Allahabad High Court has granted bail to Pradip Kumar Jain and Devendra Kumar Jain in a case involving alleged fraudulent availment and passing on of Input Tax Credit (ITC) through fake invoices. The case was initiated by the Directorate General of GST Intelligence (DGGI).

The prosecution alleged that Devendra Kumar Jain, proprietor of Aadi Enterprises and five other purportedly non-existent firms, operated these entities to fraudulently avail ITC amounting to Rs. 67.75 crores and pass on ITC worth Rs. 67.46 crores.

Please become a Premium member. If you are already a Premium member, login here to access the full content.