CBI alleged involvement of I-T officials and the NSDL staff in fraudulent I-T refund scam
- Saturday, January 23, 2010, 15:50
- Income Tax
- 4 views
The CBI, investigating the fraudulent I-T refund scam, held a series of meetings with IT officials on Friday. CBI officials said the fraud, in which over Rs 3 crore was transferred into several bank accounts and withdrawn by four key perpetrators, could not have been possible without the involvement of I-T officials and the National Securities Depository Limited (NSDL).
The NSDL maintains the master data of TDS payments. To process the returns and issue refunds the user code and password of the assessing officer is required. And to transfer the case from one jurisdiction to another, the code and password of the commissioner is required. Moreover, each entry into the system is tagged by a unique security token and password which changes every ten seconds automatically. This looks like an insider’s job,” a source said.
CBI has hit the nail on its head. But will it be able to apprehend the culprits/perpetrators of this lkoot of the national exchequer and the tax payers’ money? And for this fraud the ordinary taxpayers must suffer?
Those who has to convey their patriotism do this sort of exercises.