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2021 (8) TMI 304 - HC - GSTSeeking for grant of regular bail - wrongful availment or utilization of input tax credit - Section 132 (1) (i) read with Section 132 (1)(h)(c) of the Central Goods and Services Tax Act, 2017 - HELD THAT:- Admittedly, the petitioner herein was arrested on 02.11.2020 and since then he is jail. As discussed above, the respondent’s authorities have to collect evidence and record statements of witnesses. It appears from the counter in both the bail applications filed by the respondent’s authorities that it will take considerable time to complete the investigation. It is settled principle of law that unless guilt of the accused is proved, it has to be presumed that the accused is an innocent. This Court is inclined to grant regular bail to the petitioner herein on the conditions imposed - the petitioner - Accused shall execute a personal bond for ₹ 25,000/- with two (02) sureties for a like sum each to the satisfaction of the Special Judge for Economic Offences, Nampally, Hyderabad - application allowed.
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