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2017 (2) TMI 467 - HC - VAT and Sales TaxAnticipatory bail - Misuse of input tax credit - creation of the fake Firms and obtaining registration from the office of the Commissioner of Commercial Taxes on fake documents and by using registration of fake Firms - Held that: - The offences charged are of the criminal breach of trust, misappropriation, cheating and forgery under the Indian Penal Code, as also under Section 85 of the VAT Tax Act. The applicant is involved in making use of fake Firms by getting the Firms registered from the Commissioner of Commercial Taxes to get the tax credit benefits and the activities of the applicant with other persons are stated to have caused loss to the public exchequer to the extent of more than 100 crores - The Court, therefore, finds that this is not the case where the Court should exercise its discretion in favour of the applicant - bail not granted - application rejected.
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