Summary
- The Bombay High Court has denied anticipatory bail to Suresh Hukmat Rai Jadhwani amid allegations of fraudulent Input Tax Credit through 21 fake entities.
- The court found prima facie evidence of Jadhwani's involvement in creating entities that availed and passed on ITC without actual supply of goods, totaling approximately ā¹57.61 crore.
- The ruling emphasized that custodial interrogation is necessary to fully investigate the alleged fraud, rejecting the applicant's claims of cooperation.
- This decision aligns with previous cases where pre-arrest protection was denied in similar ITC fraud matters, signaling a tough stance on tax evasion.
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