The Meerut Court refused to grant bail to a person accused of wrongfully availing ITC to the tune of Rs.159.20 Crores.
The applicant, Vishan Gupta has applied for the bail application who has allegedly committed offence under clause (b) of sub-section (1) of Section 132 of the CGST Act 2017. The applicant has emerged out as a Kingpin for passing on ITC of Rs.159.20 Crores based on Tax Invoices issued in 47 fake and non-existing firms.
The applicant pleaded that there is no apprehension to be absconded from the territorial jurisdiction of the court and temper with evidence.
The Additional Sessions Judge, Tabrez Ahmad while refusing to grant bail noted as called in the office of DGG Ghaziabad and he was served upon the summons and his statement was recorded on the same day and the investigation report put up before the competent authority.
“The applicant is sole mastermind and responsible for every act of himself. Suffice to say prima-facie, the accused has committed an economic offence and caused monetary loss to the State which is most harmful. There is a possibility to be tampered with the evidence and tempered with the witnesses if the applicant is released on bail,” the court said.
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