Bail to be granted on deposit of alleged GST evasion amount & completion of investigation
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- Last Updated on 20 March, 2023
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Case Details: Vikas Bajoria v. Union of India - [2023] 148 taxmann.com 282 (Rajasthan)
Judiciary and Counsel Details
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- Mahendar Kumar Goyal, J.
- Swadeep Singh Hora, T.C. Sharma & Mukesh Kumar for the Petitioner.
- Kinshuk Jain, Sr. Standing Counsel for the Respondent.
Facts of the Case
The petitioner was arrested for alleged tax evasion to the tune of Rs.43.93 crores. It filed application for bail and submitted that he was falsely implicated. It was also contended that the alleged offence is compoundable whose maximum sentence awardable is five years and the entire amount alleged as tax evaded has already been deposited.
High Court Held
The Honorable High Court noted that the petitioner was under custody since 08.11.2022 and investigation against him was complete. The department also submitted that the entire amount of alleged tax evasion to the tune of Rs.43.93 crores has already been deposited and charge sheet would be filed shortly. Therefore, the Court held that the application was allowed and bail to be granted on furnishing a personal bond in the sum of Rs. 1,00,000/- together with two sureties in the sum of Rs.50,000/- each to the satisfaction of the trial court.
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