New Delhi: The Patiala House Court on Monday denied bail to four people who have been accused of allegedly withdrawing fund worth lakhs by fraudulently filing Income Tax (IT) returns.

The court refused to grant bail to the accused after the prosecution argued that the Central government had announced Rs 43, 000 crore tax refund to public this year.

“If they are granted bail at this point, the case will be affected. It is also possible that they inform and caution their associates,” Public Prosecutor Dr Anju Rathi told the court while opposing the bail plea.

After hearing the arguments, Metropolitan Magistrate Sudesh Kumar rejected the bail plea of the accused.

Now the police are busy investigating how much money was withdrawn by the gang by filing false returns.

The gang was busted after I-T official Pratap Singh posted at Mayur Bhawan office of the department filed a complaint with the Barakhamba Road police station alleging that a gang in Delhi was withdrawing tax refunds by filing false returns.

The complainant alleged that Dinesh Chandra Saxena took tax refund of Rs 6, 58, 000 without filing any tax return and money was withdrawn using a fake user id of Additional IT Commissioner.

Police, after investigation, busted the gang and arrested four people including Saxena. Later, Saxena revealed he has not filed any return for the last three years.

He had contacted a person Jaspreet Singh who assured him a tax refund for three years and would charge 25 percent cut for the favour.

Jaspreet, then, contacted a computer data operator Rajeev Mehto and asked him to show low income of Saxena in the records fed in the computer. Saxena got Rs 6, 58, 000 from the tax refund.

As per rules, the additional IT commissioner has to enter a code for a refund above Rs one lakh. Mahto met with another person Alexander Rathore and took his help to hack the password and the code of the additional commissioner.

The amount was withdrawn step by step and they distributed it among them.

JPN/Bureau