The Supreme Court granted bail to Ashutosh Garg, accused of tax fraud amounting to Rs 1,032 crores through fake firms. The Court took into account the maximum penalty of five years and time served in custody. Garg’s appeal highlighted the economic impact of his actions, leading to a different approach in bail consideration.
The Rajasthan High Court recently denied bail to an individual charged with creating approximately 294 fraudulent firms to illicitly transfer input tax credits totaling Rs. 1,032 crores. The court highlighted the significant financial damage such economic crimes inflict on the public treasury. The Rajasthan High Court has taken a firm stance by denying bail to […]
