Summary:
Chennai: The Income Tax Department has found a huge scam in refund claims to the tune of Rs 3.42 crore in the names/accounts of employees working in government and private organisations without their knowledge by a private tax consultant. Following this as per the instructions of the Principal Director of Income Tax (Investigation) the Deputy Director of Income Tax Madurai has lodged a complaint with the Central Bureau of Investigation against a person running an approved E-return Intermediary Authority offering services such as e-filing TDS returns Income Tax returns rectification of TDS statements PAN registration and GST allotment. It was alleged that the accused had entered into a conspiracy with unknown others with a dishonest intention to cheat the Income Tax Department read a release by the CBI. The primary accused is Panchatcharam K a Proprietor of M/s Dhiraviam Tax Services Ramanathapuram in Tamilnadu. Further the accused claimed fraudulent tax refunds in the name of various other individuals and got a refund amounting to Rs 34277901 (approx) and thereby caused loss to the Income Tax Department..