TMI Blog2022 (8) TMI 274X X X X Extracts X X X X X X X X Extracts X X X X ..... movement of goods, pre-arrest protection cannot be granted to the applicant. Application allowed. - ANT. BAIL APPLICATION NO.1055 OF 2022 - - - Dated:- 10-6-2022 - SANDEEP K. SHINDE J. Mr. Tushar Chavan with Ms. Babita Pandey for the Applicant. Mr. P.H.Gaikwad-Patil, APP for the State. Mr. Jitendra Mishra with Ms. Sangeeta Yadav for R.No.2. P.C. : Apprehending arr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mullah Choudhary) availed wrong Input Tax Credit ( ITC for short) on the invoices issued by M/s. Sahjanand Enterprises, M/s. Chandan Enterprises, M/s. Tej Steel, M/s. Gajanan Enterprises, M/s. Gauri Ispat and M/s. Falcon Trading. Thus, summons, were issued to M/s. Maharashtra Steel Traders and M/s. Hira Steel. Proprietor of both the firms responded to the summons but did not produce documents in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... M/s. Chandan Enterprises and M/s. Sahjanand Enterprises. Similarly, Shri Ajimullah vide letters dated 6th December, 2021 and 17 th January, 2022 informed that they have reversed an ITC of Rs.4,06,00,417/- against the fake ITC availed on the invoice issued by M/s. Gauri Ispat. It is respondent s case that during verification, it was found that 19 major suppliers have passed total ITC of Rs.15,87,8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... matters related to purchase, sales and bank transactions were being managed and looked after by Mr. Ataullah Naim Choudhari (Applicant herein). 3. Thus, complicity of the applicant in circular trading by floating bogus companies in availing ITC fraudulently is apparent. It is also, apparent from the record that applicant is the master-mind in fraudulently availing ITC, by floating bogus entitie ..... X X X X Extracts X X X X X X X X Extracts X X X X
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