Chartered Accountant got I-T refunds on bogus papers 20 yrs ago, jailed for 3 years
A chartered accountant has been sentenced to three years jail and ordered to pay ₹1.5 lakh in fine by the special CBI court for an income tax fraud dating back to 1999. Chartered accountant Devendra Chaturvedi’s assistant Hoor Jhurani has been ordered to serve a two-year jail sentence.
The special court also convicted four more people in this case and ordered them to serve six months in jail. Sharad Gambhir, the income tax officer who was accused by the CBI of colluding with them, has been acquitted by the court.
According to the CBI, Devendra Chaturvedi and his assistant Hoor Jhurani filed many income tax returns claiming bogus I-T refunds between 1996 and 1998. This resulted in losses to the department to the tune of ₹4 lakh.
The accused opened bogus accounts in various banks in the name of fictitious transport companies that were used to claim refunds.
Public prosecutor for CBI JK Sharma examined 41 witnesses including Income Tax department officials.
The CBI had implicated Sharad Gambhir, who was posted as tax assistant in the I-T department for giving tax refund orders to the key accused. Gambhir, however, has been acquitted from all charges for want of evidence.
All the other accused have been convicted for the offences of cheating, forgery, and criminal conspiracy under Indian Penal Code.
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Ex-Maha home minister Anil Deshmukh complains of chest pain, hospitalised
Former Maharashtra Home Minister Anil Deshmukh was admitted to KEM Hospital in Mumbai on Friday after he complained of chest pain. He is currently in jail in connection with a money laundering case. Notably, the Former Maharashtra Home Minister was arrested by ED in November, last year in connection with the alleged ₹100-crore extortion and money laundering case.
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3 pilgrims on their way to Yamunotri shrines killed, 9 hurt as vehicle falls into gorge
Mussoorie: Three pilgrims including a driver from Maharashtra died while 10 others were seriously injured when the vehicle they were travelling in plunged into a deep gorge at Dabarkot between Orji and Sayana Chatti on the Yamunotri highway night on Thursday night, police said. The pilgrims from Maharashtra were on their way to Yamunotri shrines when the incident occurred, officials said.
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Bengaluru: Bodies of 2 of 3 boys who drowned while swimming in lake found
An afternoon swim went awry after two boys drowned in the Dodda Gubbi lake in the Kothnur area of Bengaluru on Thursday. Search operations have recovered two bodies so far. A third body is still missing. The other two shouted for help when they couldn't spot the trio. An extensive search followed but failed to recover their bodies and had to be suspended after bad light on Thursday evening.
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7 candidates elected 'unopposed' to Karnataka Legislative Council
All the seven candidates in the fray for the biennial election to Karnataka Legislative Council, slated to be elected by the Members of Legislative Assembly (MLAs), were on Friday declared as elected "unopposed". The declaration paved the way for the BJP to gain a majority in the Upper House as four out of the seven new members are from the ruling party, two from Congress and JD(S) one.
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Cash-strapped Bangalore University wants to make money. By selling jackfruit
Bangalore University, which has more than 650 affiliated colleges, has decided to auction off the 50-odd jackfruit trees on its 1,000-acre Jnanabharathi campus ahead of the upcoming jackfruit season. The varsity had tried to auction off the trees last year but did not gain any revenue due to the lack of demand and buyers. The auction is set to take place on May 31 and the university has some rules in place.