3 CAs under investigation for Fake Political Refund Scam:

IT Department Raids 150 Locations Across Country; 2000 Individuals Under Investigation The Income Tax Department on Monday conducted a large-scale raid across 150 locations in the country as part of a tax evasion investigation against individuals and entities applying fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs). These raids were associated with two political parties. Ten locations were investigated in Rajasthan by the Income Tax officials. Similar legal actions were adopted for Madhya Pradesh and Maharashtra. As a result, now approximately 2000 individuals are under the inspection of tax authorities. The two political parties are alleged to have claimed fake donations worth Rs. 500 crore. Tax authorities have strong evidence against these political parties that they have been engaging in claiming fake donations for more than three years.

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According to the investigation, they even gave this money back to their donors after taking commission. The income tax department has confiscated all documents and digital devices associated with the crime and is currently further investigating them carefully. The investigation also uncovered that the donation money was not even used for performing any political work. On the other hand, both the parties were accepting that donated money in return for a cut. This action was performed with the assistance of agents and ITR preparers by developing a structured network.

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As per News report by Bhaskar English, In another location (Bhilwara), the income tax officials caught bogus documents in relation to Rs. 50 crore refunds. These documents were caught with three chartered accountants named Rajesh Khatik, Vinay Jeengar, and Vinit Sharda and two agents named Pratap Singh Rajput and Ankit Kanchaliya. Among them, one accountant named Rajkumar escaped from the location during the IT department raid at his residence in Subhash Nagar.