Quick Summary
In a significant development, the Enforcement Directorate (ED) Mumbai has provisionally attached the Malabar Hill flat belonging to Purushottam Chavan, husband of an IPS officer, in connection with the Rs 263 crore Income Tax Refund fraud case. The attachment was carried out under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA). Assets Seized Totaling Rs 14.02 Crore Apart from Chavans flat, the ED has also attached several other assets linked to the case. These include la
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The ED has provisionally attached assets, including a flat belonging to Purushottam Chavan, husband of an IPS officer, as part of an investigation into a Rs 263 crore Income Tax refund fraud.
The total value of immovable and movable properties seized in this case is approximately Rs 182 crore.
Key individuals arrested include Purushottam Chavan, former Income Tax Officer Tanaji Mandal Adhikari, Bhushan Patil, Rajesh Shetty, and Rajesh Brijlal Batreja. All are currently in judicial custody.
The prime accused allegedly generated and issued fraudulent TDS refunds from the Income Tax Department amounting to Rs 263.95 crore, with proceeds then diverted and concealed.
Recently attached assets include Purushottam Chavan's Malabar Hill flat, land parcels in Lonavala and Khandala, bank account balances, and insurance policies.
CAclubindia
