The Hindu : New Delhi News : Income Tax officer under CBI scanner

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Friday, Jan 23, 2009
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New Delhi

Income Tax officer under CBI scanner

Staff Reporter

“On charges of having assets disproportionate to his income”

“Has plots in Ghaziabad, Vasant Kunj, Bangalore; two cars and Rs.66 lakh in bank accounts”
“Allegedly operated a dozen dematerialised accounts; had invested Rs.1 crore in shares ”

NEW DELHI: An Income Tax Commissioner has been booked by the Central Bureau of Investigation on charges of accumulating assets disproportionate to his known sources of income. He is alleged to have amassed movable and immovable properties worth crores.

Lav Kumar Saxena, who is a 1979 batch Indian Revenue Service officer, is posted as Income Tax Commissioner (Audit) in the Capital and has his office at Jhandewalan in Central Delhi.

The CBI officials said they received information indicating that the official, who lives in a rented accommodation at Vasant Vihar, had acquired wealth beyond his known sources of income.

The agency purportedly found that he had assets running into crores in his name and those of his family members. A case was registered and searches were carried out at five places in Delhi, Kanpur and Bangalore.

The search teams purportedly came across documents pertaining to a plot at Kaushambi in Ghaziabad, a 200 sq yards plot in Delhi’s posh Vasant Kunj area, a flat in neighbouring Gurgaon, a plot and a shop in Bangalore, a house in Kanpur, a Toyota Corolla and a Hyundai Accent cars and Rs.66 lakh in bank accounts.

The CBI found that the senior public servant allegedly operated about a dozen dematerialised accounts and had invested about Rs.1 crore in shares and other avenues. Besides, they have collected evidence showing that he had undertaken several foreign trips.

The agency has also seized documents revealing that Lav Kumar Saxena allegedly operated five bank lockers. The lockers are yet to be opened.

Vigilance

“The case raises serious questions on the competence of the internal vigilance mechanism that apparently failed to detect the crime,” said an official.

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