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2021 (2) TMI 139 - BOMBAY HIGH COURTSeeking grant of Bail - allegation is that the permanent place of business, declared by the aforesaid entity, is found to be incorrect - offence punishable under Section 132(1)(i) of the Central Goods and Services Tax Act, 2017 - learned counsel for the respondent, as to on what basis the applicant came to be arrested, he submits that the address, which the applicant had declared, found to be non-functional, and he had wrongfully availed input tax credit. However, learned counsel does not argue with regard to apprehension that the applicant may tamper with the evidence or may not be available for trial. HELD THAT:- Considering the punishment provided for the alleged offence, so also considering the fact that the offence is triable by the Court of Magistrate, and that the applicant is in jail since more than one month, this Court is of the opinion that by imposing suitable conditions, he can be released on bail. The Criminal Application is allowed - applicant Gaurav s/o Ranjit Gupta, be released on bail on his furnishing PR bond in the sum of ₹ 1,00,000/- with one local surety in the like amount - applicant to deposit bank guarantee of ₹ 50,00,000/- with the authority concerned within a period of four weeks from today.
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