Income Tax Practitioners Jailed for TDS Refund Fraud
A Special CBI Court in Ahmedabad has sentenced two income tax practitioners, Suresh Prajapati and Shobhna Prajapati, to three years of imprisonment for fraudulently claiming TDS refunds using forged certificates.
Case Summary
- Allegations:
Filed false Income Tax (I-T) returns.
Submitted forged TDS certificates to claim refunds.
- Fraud Details:
Bogus refunds amounting to approximately ₹3.61 lakh were sanctioned by Ward 12(3) of the Ahmedabad I-T office.
Misappropriated funds were siphoned off by the accused.
- CBI Investigation:
Case registered in December 2007.
Uncovered widespread misuse of fake TDS certificates.
- Court Verdict:
Sentence: 3 years imprisonment.
Fine: ₹60,000 imposed on each accused.
Significance of the Case
This verdict underscores the serious consequences of tax fraud and highlights the vigilance of the Central Bureau of Investigation (CBI) in uncovering and prosecuting fraudulent practices within the tax system.
Such actions aim to deter future violations and promote integrity in tax compliance.
