Disproportionate Assets Case:

CBI Registers a Case against ITAT – Accountant Member

 

CENTRAL BUREAU OF INVESTIGATION

CBI Registers a Case against Accountant Member, Income Tax Appellate Tribunal on the Allegations of Possessing Disproportionate Assets

Press Release

Dated: 02.07.2021

The Central Bureau of Investigation has registered a case against an Accountant Member (IRS officer), Income Tax Appellate Tribunal, Visakhapatnam on the allegations of possessing disproportionate assets. It was alleged that said Public Servant had acquired assets to the tune of Rs.3,51,58,882/- (approx) which were disproportionate to his known sources of income. It was further alleged that during the period between 01.04.2008 and 31.10.2018, the accused acquired immovable & movable assets, amounting to Rs.4,71,82,689 (approx) in his name and in the names of his family members.

Searches were conducted at the office & residential premises of the accused and his relatives at Visakhapatnam & Hyderabad which led to recovery of Rs.4.42 lakh (approx) and certain incriminating documents. A sum of Rs.3.70 lakh (approx) was also recovered during searches from other persons.

Investigation is continuing.