TMI Blog2021 (2) TMI 1045X X X X Extracts X X X X X X X X Extracts X X X X ..... tioner shall be released on bail provided he furnishes a personal bond in the sum of ₹ 1,00,000/- together with two sureties in the sum of ₹ 50,000/- each to the satisfaction of the trial Court with the stipulation that he shall appear before that Court and any Court to which the matter be transferred, on all subsequent dates of hearing and as and when called upon to do so. Bail app ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the complaint that was filed before the Court, wrongful claim of input tax is to the tune of ₹ 5.88 Crore. It is also contended that all these firms which are stated to be bogus firms were shown in the portal of the Department and three firms are still existing on the portal of the Department. It is also contended that petitioner is not in the management of any of the firms. 4. It is fu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the firms were fake. The proprietor and owner of the firms are not traceable. It is further contended that evasion of tax has an effect on the economy of the Nation and Court should not be liberal in granting bail to such offenders. 6. I have considered the contentions. 7. Considering the contentions put forth by counsel for the petitioner, I deem it proper to allow the bail application. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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