Umang Thakkar gets conditional bail on Rs. 50 lakh bond

Ahmedabad, 31 December 2013

Ahmedabad based Patang restaurant fame, Dharmdev Infrastructure and Nilkanth hotel group chief Umang Thakkar has got bail from Ahmedabad Metropolitan court for Rs. 50 lakh bond today.

Thakkar’s bail is conditional. He will have to remain present before the Service Tax department every month on first and third Monday for certain hours. This arrangement will be for first three months. For next five months he will have to remain present at Service Tax department for more hours. Thakkar will need to surrender his passport. He will not be allowed to travel outside India.

Thakkar filed bail plea in Ahmedabad Metropolitan court on December 28th after his arrest a day before by Service Tax department. The court had asked to send Thakkar to Judicial custody and decided to hear his bail plea on Monday. Late in the evening on Saturday, Thakkar was hospitalized at Shahibaug area based Chandramani hospital.

The service tax department arrested Thakkar for alleged violation of tax provisions.

As per the department sources, Thakkar was arrested for collecting Rs. 2 crore tax from property buyers but not depositing it in government treasury. He was sent to police custody on Friday and presented before the magistrate on Saturday.

This was the second arrest in Ahmedabad after the service tax commissionerate got the power to arrest tax defaulters.