TMI Blog2014 (6) TMI 1061X X X X Extracts X X X X X X X X Extracts X X X X ..... evasionis prima-facie of very high value, the question of bail should be considered seriously and it should not be granted as a matter of course. Tax evasion of high value certainly jeopardizes the entire economy of the country and is an economic crime of serious magnitude. It is also to be noticed that evasion of taxes whether Income Tax, Central Excise, Service Tax or any other taxes all come in the category of economic offences and the recent trend of decisions in the matter of bail, in this country, has been to deal with economic offences seriously but prima-facie in this case since the principal amount of Central Excise stands deposited and admitted to have been received by the respondents before approaching this Court therefore, w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d Drafts to the tune of ₹ 1.39 Crores have already been handed over to the officers of the respondent department and now in so far as Central Excise demand is concerned it stands deposited in full. He further contends that even when the entire principal disputed demand has been deposited therefore there is no question of keeping the accused-petitioner behind the bars. Counsel prays for grant of bail under section 439 Cr. P.C. Per contra Shri Ajay Shukla learned counsel for the respondent Department on inquiry from Mr. Shashikant Sharma, Superintendent of Central Excise who is also present in the Court, admits that an amount of ₹ 15 Lac was received initially and that Demand Drafts to the extent of ₹ 1.39 Crores has been re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... should be considered seriously and it should not be granted as a matter of course. Tax evasion of high value certainly jeopardizes the entire economy of the country and is an economic crime of serious magnitude. It is also to be noticed that evasion of taxes whether Income Tax, Central Excise, Service Tax or any other taxes all come in the category of economic offences and the recent trend of decisions in the matter of bail, in this country, has been to deal with economic offences seriously but prima-facie in this case since the principal amount of Central Excise stands deposited and admitted to have been received by the respondents before approaching this Court therefore, without expressing any opinion on merits/demerits of the case, I am ..... X X X X Extracts X X X X X X X X Extracts X X X X
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