CBDT (Central Board of Direct Taxes) Chairman Sushil Chandra said that the IT department has proposed an extra investigation to stop the outlay of money towards the fraud repay claims which are based on the corrupt investments as shown in the tax return forms.
He said that three members committee are assigned by the CBDT to handle the problems about “high-pitched” assessments in which fluctuated tax demands are pointed by the tax officers.
Disappointed about the claiming of fraud refunds by people, Chandra said that now people have to change their attitude and must pay their levy share of taxes properly and honestly.
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The Income Tax department found during the search operation in Bengaluru, Mumbai and few parts of Punjab that some of the fraud people were leading the taxpayers in wrong way by saying them to claim the refunds towards housing loans and based on the fake investments under 80C.
Directing an industry event Chandra said “When we took that risk parameter and found from one IP address so many refunds are being filed which are of the same pattern, so some searches took place. So we have put another risk parameter into our system that if some fraudulent return is being filed then that refund has to be stopped”.
Concerned about the problem “high-pitched” assessment, Chandra said that CBDT has made a three-member committee to look after the cases.
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He said, “Many people came to us saying that our assessment is very high pitched, so we made ‘high-pitched’ assessment committee, which comprises of three principal commissioners wherein if you feel that your assessment is high pitched, you can approach the committee”.
A “high-pitched” survey assessment case is the one in which the exaggeration of extra income is made on baseless grounds, didn’t cherish the natural justice path and acted in negligence while judging any case.
If the committee members say that the assessment is “high-pitched” then it will take strict actions against the assessing officer.
Chandra said, “Last year, we have transferred more than 12 assessing officers who were found indulging in high pitched assessments”.
