The Rajasthan High Court has granted bail to Paridhi Jain, a Chartered Accountant accused, based in Jaipur who was involved in the wrongful availing of Income Tax Credit (ITC).
As per the state tax department’s anti-evasion wing, she and her accomplice from Jodhpur Gaurav Maheshwari registered over 2 dozen firms and embezzled GST amounting to an approximate Rs. 17 Crore. The scam came into light when Gaurav was I was picked up by police following a complaint by his drive who claimed that his documents were used without his knowledge by Gaurav for registration of a shell firm.
Justice Vinit Kumar Mathur, while granting the bail observed, “Having regard to the facts and circumstances of the case and upon a consideration of the arguments advanced and the fact that the petitioner is a practising Chartered Accountant and a lady of 27 years is facing incarceration for last more than one month and in view of the undertaking submitted by the petitioner to fully cooperate with the investigating agency and provide the information/documents asked for by the investigating agency, this Court is of the opinion that the bail applications filed by the petitioner deserve to be accepted.”
The Chartered Accountant accused was released on bail on the conditions of surrender of passport before the investigating authority and a personal bond of Rs 10,00,000/- and two sureties of Rs10,00,000/- each with one surety being a close family member.
Read more at: https://www.taxscan.in/rajasthan-hc-grants-bail-chartered-accountant-accused-wrongly-availing-input-tax-credit/48483/
As per the state tax department’s anti-evasion wing, she and her accomplice from Jodhpur Gaurav Maheshwari registered over 2 dozen firms and embezzled GST amounting to an approximate Rs. 17 Crore. The scam came into light when Gaurav was I was picked up by police following a complaint by his drive who claimed that his documents were used without his knowledge by Gaurav for registration of a shell firm.
Justice Vinit Kumar Mathur, while granting the bail observed, “Having regard to the facts and circumstances of the case and upon a consideration of the arguments advanced and the fact that the petitioner is a practising Chartered Accountant and a lady of 27 years is facing incarceration for last more than one month and in view of the undertaking submitted by the petitioner to fully cooperate with the investigating agency and provide the information/documents asked for by the investigating agency, this Court is of the opinion that the bail applications filed by the petitioner deserve to be accepted.”
The Chartered Accountant accused was released on bail on the conditions of surrender of passport before the investigating authority and a personal bond of Rs 10,00,000/- and two sureties of Rs10,00,000/- each with one surety being a close family member.
Read more at: https://www.taxscan.in/rajasthan-hc-grants-bail-chartered-accountant-accused-wrongly-availing-input-tax-credit/48483/
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