HC grants anticipatory bail to person accused of fraudulently availing & passing on fake ITC

Tarun Jain Vs Directorate General of GST Intelligence DGGI (Delhi High Court) Conclusion: Anticipatory bail was granted to a person accused of fraudulently availing and passing on fake Input Tax Credit (ITC) worth Rs. 72 Crores with some stringent conditions in view of the prior conduct of assessee. Held: In the present case, assessee had been accused of wrongfully utilizing the Input Tax Credit amounting to Rs. 72 Crores, an offence under Section 132(b) and (c). The Department had alleged that the Company made most of its purchases from three firms which further purchased from that firms whic...