CBI Court sentences two accused including then Assistant Commissioner of Central Excise & Customs (retired IRS officer) and his wife to 03 years’ Imprisonment with total fine of Rs 2 lakh in a Disproportionate Assets case.

CBI Court sentences two accused including then Assistant Commissioner of Central Excise & Customs (retired IRS officer) and his wife to 03 years’ Imprisonment with total fine of Rs 2 lakh in a Disproportionate Assets case. https://www.taxtmi.com/news?id=29339 The court found that an Assistant Commissioner and his wife possessed movable and immovable properties disproportionate to known sources of income, with the wife abetting acquisition of assets beyond her pecuniary resources; custodial sentences and fines were imposed and the court directed initiation of proceedings for confiscation of property equal to the quantified disproportionate assets. en-us Thu, 02 Jan 2025 11:09:51 +0530 Thu, 02 Jan 2025 11:09:51 +0530 TaxTMI RSS Generator CBI Court sentences two accused including then Assistant Commissioner of Central Excise & Customs (retired IRS officer) and his wife to 03 years’ Imprisonment with total fine of Rs 2 lakh in a Disproportionate Assets case. https://www.taxtmi.com/news?id=29339 The court found that an Assistant Commissioner and his wife possessed movable and immovable properties disproportionate to known sources of income, with the wife abetting acquisition of assets beyond her pecuniary resources; custodial sentences and fines were imposed and the court directed initiation of proceedings for confiscation of property equal to the quantified disproportionate assets. News - Thu, 02 Jan 2025 11:09:51 +0530 https://www.taxtmi.com/news?id=29339