Case LawSpecial Leave to Appeal (Crl.) No. 4430/2019
P V Ramana Reddy Vs Union Of India & Ors
- Court:
- Supreme Court
- Bench:
- Telangana
- Date:
- May 27, 2019
- Type:
- Writ Petition
Subject
Nothing wrong in the CGST authorities thinking that persons involved in circular trading be arrested. HC Ruling upheld.
Arrest
Summary
The main allegation of the Department against the petitioners is that they are guilty of circular trading by claiming input tax credit on materials never purchased and passing on such ITC to companies to whom they never sold any goods. The Depa…
Judgement
Having heard learned counsel for the petitioner and upon perusing the relevant material, we are not inclined to interfere. The special leave petition is accordingly dismissed. Pending interlocutory applications, if any, shall stand disposed of.