TMI Blog2021 (8) TMI 1170X X X X Extracts X X X X X X X X Extracts X X X X ..... nsideration the submissions advanced by learned counsels for the respective parties, the nature of allegation against the petitioner, his length of custody, filing of complaint, material contained therein, the offence being triable by Magistrate, the maximum punishment being 5 years and absence of criminal antecedents; but, without expressing any opinion on the merits of the case, this Court deems ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sel for the petitioner submitted that he has falsely been implicated in this case as he is merely an accountant. Drawing attention of this Court towards contents of the complaint filed against him, he submitted that even the respondent has admitted the fact that he was an accountant only working on commission basis ranging in between @ 0.20% to 0.65%. Referring various provisions contained under t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ayed for his release on bail. Per contra, learned counsel appearing for the respondent-Department submitted that allegation against the petitioner is of issuing fake invoices worth about ₹ 800 crores resulting into tax loss to the exchequer in the neighbourhood of ₹ 126 crore. Drawing attention of this Court towards the contents of complaint, he submitted that the petitioner has adm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... leased on bail under Section 439 Cr.P.C. in connection with afore-mentioned FIR registered at concerned Police Station, provided he furnishes a personal bond in the sum of ₹ 1,00,000/- (Rupees One Lac only) together with two sureties in the sum of ₹ 50,000/- (Rupees Fifty Thousand only) each to the satisfaction of the trial Court with the stipulation that he shall comply with all the c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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