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 CBI officials said the fraud, in which over Rs 3 crore was transferred into several bank accounts and withdrawn by four key perpetrators, could not have been possible without the involvement of I-T officials and the National Securities Depository Limited (NSDL).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.
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