Court Sentences Then Deputy Director (Income Tax) And Two Private Persons in A CBI Case
(Judicial Quest News Network)
The Special Judge for CBI cases, Delhi has sentenced S/Sh Ashutosh Verma then Deputy Director (Investigation) Income Tax, Delhi; Suresh Nanda (private person) and Bipin Shah (Chartered Accountant), all to undergo one-year Rigorous Imprisonment with fine of Rs. one lakh each in a CBI case.
CBI had registered a case on
08.03.2008 against Shri Ashutosh Verma, Dy. Director, (Inv.) Income Tax and
others including Suresh Nanda (private person), Bipin Shah on the allegations
that the accused had entered into a conspiracy for manipulating the Appraisal
report of Income Tax Investigation to show undue favor to Shri Suresh Nanda and
his associates for obtaining pecuniary advantage. Investigation revealed
that Shri Ashutosh Verma, the then DD (IT) had conducted searches at the
premises of Shri Suresh Nanda & his associate companies on 27.02.2007. Shri
Ashutosh Verma in a conspiracy with others including Shri Suresh Nanda &
Shri Bipin Shah agreed to minimize the income tax liabilities and had several
meetings with other accused in different hotels. It was further alleged that
the Appraisal Report was submitted by Shri Ashutosh Verma to higher authorities
on 04.03.2008. On 08.03.2008, the accused were intercepted by CBI while holding
the meeting in a Hotel at Mumbai. It was also alleged that Sh. Suresh Nanda was
associated with various companies dealing with defence equipment’s and Shri
Bipin Shah (a Chartered Accountant) was also Director in some of the companies
of Shri Suresh Nanda. It was also found that Shri Ashutosh Verma diluted the
Appraisal Report to favour Shri Suresh Nanda and associates on the behest of
Shri Bipin Shah.
After investigation, CBI filed a
charge sheet on 30.11.2012 against the accused. Charges were framed on
11.01.2018.
The Trial Court found the said accused guilty and convicted them on 01.04.2021.
