Seeking grant of Bail - wrongful availment of Input Tax Credit and fake invoices.

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..... nvoices to the tune of Rs. 5.65 crore without the actual supply of goods and all this has been done by the applicant/accused in connivance with the other firms. There are nearly 56 firms, among whom fake invoices have been exchanged in regard to the amount of Rs. 5.65 crore despite the fact that goods had never been supplied through those invoices. On the basis of said fake invoices, taxes .....

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..... be viewed seriously and considered as grave offences affecting the economy of the country as a whole and thereby posing serious threat to the financial health of the country. Held that the seriousness and nature of the offence allegedly committed by the applicant/accused, the Court is not inclined to grant concession of bail to applicant/accused Saurabh Srivastava. Accordingly his bail app .....

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