New Delhi, April 2 -- The Enforcement Directorate (ED), Itanagar Sub-Zonal Office, today said that it has filed a prosecution complaint in connection with a fake Input Tax Credit (ITC) racket, involving M/s Amit Traders and other entities, under the Prevention of Money Laundering Act (PMLA).
The complaint has been filed under Sections 44 and 45 of the PMLA for the offence of money laundering.
The ED initiated the investigation under the provisions of the PMLA based on an FIR (first information report) registered by the Bureau of Investigation (Economic Offences), Police Station, Guwahati. The FIR was based on a complaint filed by the State Tax Department, Assam, alleging fraudulent availment and circulation of ITC on the basis of fictitio...