HC Granted Bail to Applicant in ITC Fraud Case Due to Lack of Evidence of Monetary Benefit
- Blog|News|GST & Customs|
- < 1 minute
- By Taxmann
- |
- Last Updated on 20 June, 2023
Latest from Taxmann
Case Details: Mohd. Rashid Siddiqui v. State of U.P. - [2023] 151 taxmann.com 284 (Allahabad)
Judiciary and Counsel Details
-
- Rajeev Singh, J.
- Vijayendra Prakash Tripathi & Amrendra Nath Tripathi for the Applicant.
- G.A., Rajesh Kumar & Rohit Kumar Tripathi for the Respondent.
Facts of the Case
In the instant case, the applicant filed bail application and submitted that he had been falsely implicated. It was submitted that a tax professional misused user I.D. and password of applicant and raised fabricated input tax credit.
High Court Held
The Honorable High Court noted that during course of investigation, only Rs.1.12 lakh were found in account of wife of applicant which were credited by the main accused. It was observed that there was no evidence that applicant obtained any monetary benefit from firms as well as in false tax claim except aforesaid transaction.
Further, during course of investigation, the main accused had categorically stated that he was actively associated with CA and had done all alleged mischief related to input tax credit. In such circumstances, the Court held that the applicant was to be released on bail subject to certain conditions.
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
