HC : Dismisses writ where ITC was availed basis fictitious sale invoices, imposes cost

Rajasthan HC dismisses writ seeking quashing summons/coercive action where the petitioner and its sister concerns availed ITC to the tune of 328 crores on the basis of fake invoices, imposes a cost of Rs. 1 lac; Observes that, raid conducted at petitioner’s premises revealed that company has not done any business and fake sale purchase bills were prepared and only trading activities were shown, without any banking transaction or movement of goods; Observes that the Director...