VINEET JAIN v. UNION OF INDIA & ORS. – RAJASTHAN HIGH COURT
High Court, Rajasthan
Praveen Bhatnagar , Justice
VINEET JAIN
v.
UNION OF INDIA & ORS.
S. B. CRIMINAL MISCELLANEOUS BAIL APPLICATION No. 14999/2024 dated 24.01.2025
Law : GST
Act Name : Central Goods & Services Tax Act, 2017
Relevant Section : Section 132, 69, 70 & 136
Decision : In favour of revenue
Bail application – ITC claimed fraudulently – Petitioner submits arrest memo with no written reasons and statement recorded under Section 70 of Act of 2017 is also under coercion – CGST Officials clearly points out petitioner availed ITC on basis of forged transactions and also manipulated bills showing transportation of goods – HELD: Bail application dismissed – Hon’ble Apex Court in Y. S. Jaganmohan Reddy Vs. Central Bureau of Investigation, (2013) held that economic offences to be dealt with iron hands as such offences are committed with cool calculation and deliberate design and they affect economic fabric of whole country – Court not inclined to enlarge petitioner on bail.
Represented By:
Counsel for the Petitioner: Pankaj Ghiya, Mayank Vyas, Nikhil Sharma & Paridhi Jain, Advocates
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