A special CBI court here on Friday found two income tax practitioners, Suresh Prajapati and Shobna Prajapati, guilty of wrongfully obtaining TDS refunds based on false or forged TDS certificates.
The court sentenced them to a three-year jail term and imposed a fine of Rs. 60,000 on them, the central agency said in a media statement.
According to the Central Bureau of Investigation release, it registered the case against the tax practitioners in Dec 2007 on allegations that I-T refunds were regularly made from Ward 12(3) of the I-T office in Ahmedabad based on bogus TDS certificates.
The probe revealed that Suresh Prajapati, an income-tax practitioner, filed several I-T returns in the names of individual assesses. Along with these I-T returns, a number of TDS certificates were also attached.
It was ascertained that although these TDS certificates were bogus in nature, the refunds were allowed to the turn of around Rs. 3.61 lakh from Ward 12(3), Ahmedabad, which was misappropriated.
Source: The Times of India
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