Bail Application got rejected of CA charged with creating fake firms to avail credit

Bail Application got rejected of CA charged with creating fake firms to avail credit

In Abhishek Singhal v. Union of India [S.B. CRL. Misc. Bail Application No. 6304 OF 2021 dated May 17, 2021] the present bail application has been filed under Section 439 of the Code of Criminal Procedure, 1973 (“Cr.P.C”) by Abhishek Singhal (“the Petitioner”) being arrested for offences under Section 32(1) (b)/(c)/(f), 4R/20, and 132(1)(i) of Central Goods and Services Tax Act, 2017 (“the CGST Act”). The Petitioner being a Chartered Accountant (“CA”) has been booked under the charge of wrongfully passing of Input Tax Credit (“ITC”) by creating 38 fake firms wherein he was absconding for about one year and has consequently been in custody since February 19, 2021. The Hon’ble High Court of Rajasthan dismissing the bail application noted that the Petitioner failed to appear before the Department when the notices were issued to him. Even after the complaint was filed before the Trial Court, the Petitioner remained absconded. For the reasons mentioned, the High Court dismissed the bail application. DISCLAIMER: The views expressed are strictly of the author and A2Z Taxcorp LLP. The contents of this article are solely for informational purpose and for the reader’s personal non-commercial use. It does not constitute professional advice or recommendation of firm. Neither the author nor firm and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this article nor for any actions taken in reliance thereon. Further, no portion of our article or newsletter should be used for any purpose(s) unless authorized in writing and we reserve a legal right for any infringement on usage of our article or newsletter without prior permission.