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 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

Stamp paper rackets rampant in city courts
April, 21st 2012

The detection of stamp paper forgery that has been continuing for the last three years at the district court, shows that rackets have been rampant there. However, records with the police show that very few cases have been registered in this connection.

According to the data available with the Vanchiyoor police, in whose limits the district court complex is located, only four cases have been reported during the last three years. Among them, two were reported in 2011 and two this year. There were no cases registered in 2010 and 2009.

According to a police officer, the lack of expertise of the clerical staff of the court to detect forged documents could be the reason behind forgery cases going unnoticed.

"The court staff seldom get time to verify the authenticity of the documents produced. If only the documents are submitted at least two days prior to the day of the case, can they conduct a thorough verification. Unfortunately such a system does not exist now," said the officer on condition of anonymity.

In the first two cases, registered on June 23 and July 2, 2011, the complainant and accused were the same persons. The accused in the case had produced a fake identity proof, with the address of the complainant, Radhakrishnan of Kariavattom, to avail bail for the accused in other cases. The perpetrators used the same identity proof to avail bails for the accused in two separate cases in consecutive months, following which the fraud was detected.

Five months later, in February 2012, a third case was detected in which similar fraud was employed to avail bail for none other than swindler Sabarinath of Total 4 U case. The investigation team arrested two persons, Sudheer Kumar of Manacaud and Gopakumar of Thirumala, in connection with the case. The police also identified that the same persons were behind the other two cases. But, the police have not been able to nab the kingpin of the racket, Sayed of Bangladesh Colony near Valiyathura.

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