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

In case of Abhishek Singhal v. Union of India, 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.

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.