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2019 (9) TMI 1268 - HC - GSTGrant of regular bail - fraudulent availment and utilization of Input Tax Credit (ITC) - Section 68 of CGST Act, 2017 - HELD THAT:- This Court is of the considered view that though the petitioner is in custody since 4.7.2018, but taking into account the fact that the petitioner is involved in a case involving fraud of ₹ 19.50 Crores and the alleged offence is an ecnomic offence which requires to be dealt with seriously and mere long custody would not be a ground for releasing him on bail. Similar matter was also before Hon’ble Apex Court inY.S. JAGAN MOHAN REDDY VERSUS CENTRAL BUREAU OF INVESTIGATION [2013 (5) TMI 896 - SUPREME COURT], wherein it was observed that bail should not be granted in such like cases of economic offences merely on the ground that the accused was in the jail for a period of one year. Petition dismissed.
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