Bail granted to Chartered Accountant not being a beneficiary of illegal availment of ITC

Last updated: 01 August 2022

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The Punjab & Haryana High Court has granted bail to a Chartered Accountant arrested for allegedly facilitating fictitious statements and forged invoices related to Input Tax Credit (ITC). The court noted that the accountant had been in judicial custody since October 2021 and that prolonged incarceration would unduly restrict personal liberty. Crucially, there was no tangible evidence that the accountant personally benefited from the illegal ITC.

Court :
Punjab & Haryana High Court

Brief :
The Hon'ble Punjab & Haryana High Court in the matter of M/sYogender Yadav v Union of India [CRM-M-53014 OF 2021 dated February 15, 2022] granted relief to a Chartered Accountant and held that judicial incarceration may not be prolonged, as it would unnecessarily curtail and fetter personal liberty of the Petitioner.

Citation :
CRM-M-53014 OF 2021 dated February 15, 2022

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Judgement posted by

Bimal Jain

Service

FCA, FCS LLB with21 Yrs of Experience inTaxation Indirect and Direct: Education Qualification: B.Com (Hons) Chartered Accountants Company Secretary LLB Qualified SAP FI/CO Consultants Professional Membership: Chairmanof Indirect Tax Committee of PHD Chamber of Commerce Member of Indirec ... Read more

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