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2024 (1) TMI 1100 - MADHYA PRADESH HIGH COURTGrant of regular bail - wrongful gain by input tax credit - HELD THAT:- As per prosecution story, applicant is having a firm namely Surajmal Chandmal and he has evadeded payment of tax of Rs. 7,11,953.61/-. Applicant is in jail since 07.10.2023. During course of argument, it cannot be pointed out that firm Agrawal Axim belongs to applicant. Applicant is ready to deposit Rs. 7,11,953/- under protest before the trial Court. Applicant is an income taxpayer. There is no likelihood that applicant will abscond from law. Investigation is complete and charge sheet has been filed. It is directed that the applicant shall be released on bail on aforesaid condition on furnishing personal bond of Rs. 50,000/- with one solvent surety in the like amount to the satisfaction of the trial Court concerned for his regular appearance before Court on all such dates as may be fixed in this regard during pendency of trial - bail application allowed.
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