IIPM director Arindam Chaudhuri arrested for Rs 23-crore tax evasion


New Delhi, August 23

Arindam Chaudhuri, Director of Indian Institute of Planning and Management (IIPM), has been arrested by the CGST South Delhi Commissionerate over alleged undue declare of Central Value Added Tax (CENVAT) of service tax credit score of round Rs 23 crore.

Chaudhuri was arrested on Friday and despatched to 14 days in judicial custody by a Delhi courtroom for wrongfully claiming Central Value Added Tax (CENVAT) of service tax credit score (within the pre-GST regime) amounting to roughly Rs 23 crore.

Chaudhuri is going through prices beneath Section 89 of the Finance Act. Chaudhuri’s colleague, Gurudas Malik Thakur, one other director of IIPM, has additionally been apprehended for a similar offence and despatched to 14 days in judicial custody.

The probe can also be on properties held by Chaudhuri and his firm in Delhi and different cities and in addition abroad.

This is just not the primary time Chaudhuri has been caught on the unsuitable facet of the regulation as his famed institute, IIPM, had been within the information earlier as properly for related instances of monetary irregularities.

Chaudhuri was apprehended on March 14, 2020 for allegedly submitting a cast medical certificates after police requested him to affix the probe with respect to a 2016 case. The physician, whose signature was on the medical certificates, had died 10 years earlier than the certificates was made. He was subsequently launched on bail.

Delhi Police had in 2015 registered an FIR in opposition to IIPM following the criticism of UGC that the institute was “misleading, cheating, and fooling” college students because it was not recognised by any regulatory physique. The UGC, in its criticism, had stated even if its programs weren’t authorised, the institute was “fooling” college students by charging hefty charges from them. — IANS



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