Bogus tax refunds scam detected in Ludhiana
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Last Updated: Saturday, November 27, 2010, 14:18
Ludhiana: An alleged scam involving realisation of bogus income tax refund has come to light here after a man tried to deposit "fake" refund cheques to the tune of Rs 47 lakh, officials said on Saturday.

Police, on the complaint of Ludhiana Income Tax Department, have registered a case against the man identified as Ramesh but did not rule out the involvement of some I-T officials in the scam.

"The investigations in this case are on," Ludhiana Assistant Commissioner of Police Raj Kumar said.

The incident came to light when Ramesh, a resident of Anand Nagar colony here, made an attempt to deposit a cheque of Rs 47 lakh in the local main branch of State Bank of India.

When SBI officials asked him to produce Income Tax Advice Number (ITAN), he could not do so despite the fact that the refund cheque had signature of an Income Tax officer along with department's stamp.

The bank authorities immediately informed the police and the IT department but the man, smelling trouble, escaped from the spot.

IT officials remained tight-lipped about the episode but sources in the department said a gang had been operating in the city which claim huge amount of tax refunds while presenting bogus cheques.


First Published: Saturday, November 27, 2010, 14:18

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