CBI registers case against PrCIT and others, recovers Rs 3.5 crore cash and .50 KG gold

CBI REGISTERS A CASE AGAINST PRINCIPAL COMMISSIONER OF INCOME TAX & OTHERS AND RECOVERS CASH OF RS.3.5 CRORE(APPROX) & 05 KG(APPROX) GOLD DURING SEARCHES

The Central Bureau of Investigation has registered a case against Principal Commissioner of Income Tax, Ranchi; Additional CIT, Ranchi; ITO (Tech), Ranchi; Another Officer of Income Tax, Ranchi; six private persons and other unknown public servants/private persons/companies etc. u/s 120-B of IPC r/w sections 7, 12, 13(2) r/w 13 (1)(d) of PC Act., 1988 on the allegations of criminal conspiracy, illegal gratification and criminal misconduct etc.

 It was alleged that the Principal Commissioner of Income Tax, Ranchi, while functioning as such during the years 2016 & 2017, has entered into a criminal conspiracy with Additional CIT, Ranchi, ITO (Tech.), Another Officer, Income Tax Department & five private persons, all Kolkata based businessmen & infamous entry operators and a CA of Kolkata for getting Income Tax assessment files of their different assessee companies transferred from Kolkata/ Hazaribagh to Ranchi for providing undue favour to those assesses, who have been charged with heavy tax liability, in lieu of huge bribe. It was further alleged that the Principal Commissioner of Income Tax, Ranchi has already issued favourable orders in the case of private companies, who already paid huge bribe, which has allegedly been stashed with a private person.

Searches are being conducted today at the premises of accused persons at 23 locations (18 at Kolkata & 05 at Ranchi). During the search at the residence of Principal Commissioner at Kolkata, cash of Rs. 3.5 crore(approx) and 05 kg gold(approx) & and some incriminating documents were recovered. Searches at various locations are in progress.

Further investigation is in progress.