₹94 Crore ITC Fraud Alleged, Fictitious Suppliers, No Stock Records, Yet Telangana HC Grants Anticipatory Bail; Says Gravity of Economic Offence Alone Cannot Justify Arrest
The Court held that although allegations of fraudulent availment of Input Tax Credit under the CGST Act constitute serious economic offences, arrest cannot be made as a matter of course. Where the investigation is primarily based on documentary evidence already in the custody of the authorities and custodial interrogation is not shown to be indispensable, anticipatory bail deserves to be granted subject to appropriate safeguards.