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2024 (2) TMI 854 - PUNJAB AND HARYANA HIGH COURTSeeking grant of regular bail - utilizing bogus Input Tax Credit (ITC) through fake documents - fraudulently registering the firm under GST Act, solely for the purpose of doing fraud with the Government Revenue, by way of utilizing bogus ITC via paper transactions only, with mala fide intention of not paying taxes - HELD THAT:- From the record it is apparent that the petitioner is in custody since 09.12.2022 i.e for the last more than one year. All the offences are triable by the Court of Magistrate and the conclusion of the trial may take quite a long time. Apart from that, the petitioner was involved on the basis of the statement made by Amit Kaushik, who has already been granted the concession of bail by this Court, vide order Annexure P-4. The petitioner is ordered to be released on bail subject to his furnishing bail bonds/surety bonds to the satisfaction of the trial Court/Duty Magistrate/Chief Judicial Magistrate - the present petition is allowed.
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