ED Indicted Former Income Tax Officer For Rs 263 Crore Fraud In Income Tax Department

Mumbai, 15th July 2023: The Enforcement Directorate (ED) held a former Income Tax Officer along with two of his associates in connection with Rs 263 crore of fraud in the Income Tax Department. Yesterday, the accused officer, identified as Tanaji Mandal Adhikari, was arrested By ED along with his companions, Bhushan Patil and Rajesh Shetty from Mumbai.

Accused Tanaji Adhikari allegedly prepared fake TDS return documents worth Rs 263 crore when he was posted at the Income Tax Department of Mumbai. During their investigation, the ED discovered a significant anomaly in the case, leading to the revelation that forged documents were created by an officer, and then the due amount was syphoned off and transferred to his friends’ sham company.

Earlier, the ED attached 32 immovable and movable properties that amounted to Rs 69.65 crore from the raids in Maharashtra and Karnataka in this case. It is learned that the given investigation is based on a case registered by the Central Bureau of Investigation (CBI). When the accused officer was appointed as a Senior Tax Assistant in the Income Tax Department from 2007 to 2009, it is alleged that at that time he committed the foul play with the connivance of others.

Meanwhile, ED has arrested his associates Bhushan Patil and Rajesh Shetty and presented them before the court. The court ordered 10 days of ED custody for all the accused. ED is further looking into the matter to find out about other possible linkages in the case.