TMI Blog2019 (2) TMI 740X X X X Extracts X X X X X X X X Extracts X X X X ..... under Section 69 of the CGST Act and further in view of the fact that case involves evasion of more than ₹ 80 crores of tax under the CGST and offence is punishable with imprisonment for a period of five years and complaint is stated to have already been filed, there are no ground to grant benefit of regular bail to the petitioners - petition dismissed. - CRM No.M-45649 of 2018 (O&M) - - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... so filed by the respondent. Learned counsel for the petitioners argued that petitioners have been taken into custody under Section 69 of the CGST Act without making any assessment by the competent authority. Furthermore, if the respondent makes assessment, that assessment firstly, is appealable and can be quashed, secondly, the petitioners have remedy to compound that order by paying the tax et ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... said premises was found closed and on enquiry from the person available in the close vicinity, it was ascertained that the said premises was closed for the last five years. It was found further found that premises was controlled and used by Vinay Kumar Gupta, Director of M/s MICA Industries. Then search was conducted leading to recovery and seizure of a large number of incriminating documents ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er the CGST and offence is punishable with imprisonment for a period of five years and complaint is stated to have already been filed, I do not find any ground to grant benefit of regular bail to the petitioners. Therefore, finding no merit in the present petition, the same is dismissed. However, nothing stated above, shall constitute my opinion on merits of the case. - - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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