Quick Summary
The Income Tax Department Srinagar has taken a serious view of the bogus refunds claimed by various persons in the past few years. The department has filed two FIRs against one Chartered Accountant and 405 other persons in Jammu and Kashmir in bogus refund cases. The FIRs have been filed by Ak
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 Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
FIRs have been filed against 405 individuals, including one Chartered Accountant.
The total amount allegedly defrauded from the government exchequer is Rs 16.72 crore.
The cases cover the financial years 2017-18 to 2019-20.
Besides being named in the FIR, a complaint has been filed against the Chartered Accountant with the Institute of Chartered Accountants of India, requesting the cancellation of his license.
A Special Investigation Team has been constituted, and the bank accounts of the accused persons have been seized. Further investigation is in progress.
The accused are booked under sections 420/468/471 and 120B of the IPC & RPC read with section 66-D of the I.T. Act.
CAclubindia
