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The Hon’ble Patna High Court in M/s. Aastha Enterprises v. State of Bihar held that ITC is in the nature of a benefit/concession and not a right extended to the assessee under the statutory scheme.
The Apex Court has refused to interfere with the order passed by the Hon’ble Chhattisgarh High Court, wherein bail was denied to the accused in the alleged matter for availment of wrong Input Tax Credit, on the ground that investigations were still going on for detecting more fake suppliers and investigations might be hampered if bail was granted.