HC: Rejects bail application where petitioner created fake firms to facilitate claiming fraudulent ITC

Rajasthan HC rejects bail application of the petitioner who created fake firms to issue fake invoices to the tune of Rs. 494.16 crores in order to facilitate claiming fraudulent ITC to the tune of Rs. 108.36 crores; Observes that, petitioner was involved in using data of individuals for creating fake firms to claim ITC by getting issued 3 pan cards in different names of 26 fake firms which were registered but not functional: Rajasthan HC...