CBI arrests a Commissioner of Income Tax and five others in an alleged bribery case and recovers Rs. 1.50 crore (approx)

The Central Bureau of Investigation has arrested a Commissioner of Income Tax (Appeals-30), Mumbai (An IRS Officer of 1992 Batch) and five others including MD of a Group of Companies based at Mumbai; Accounts Officer of said private company; a Chartered Accountant; a Real Estate Trade Agent & his relative (private person) in an alleged bribery case.

A case was registered against Commissioner of Income Tax, Mumbai and others. It was alleged that Commissioner of Income Tax (Appeals – 30), Mumbai has recently passed an order in an appeal matter favouring a private Trust whose trustee is a private company based at Mumbai. For giving this favourable order, he allegedly demanded a bribe amount of Rs. 2 crore (approx) and wanted the money to be delivered to the relative of Real Estate Trade Agent( a private person) at Mumbai who in turn after collecting the money transferred it to said Real Estate Trade Agent in Visakhapatnam. The Commissioner of Income Tax had visited Visakhapatnam on leave and allegedly demanded the Real Estate Trade Agent to deliver part of the money at his residence in Visakhapatnam.

CBI laid a trap and caught the said Commissioner who had received part of the bribe amount of Rs. 19.34 lakh (approx) from the Real Estate Trade Agent. Both, Commissioner & Real Estate Trade Agent, were arrested. During investigation, the remaining amount of Rs. 1.50 crore (approx), earlier received by said Real Estate Trade Agent on behalf of Commissioner (Income Tax) was also recovered.

Searches were conducted in Mumbai & Visakhapatnam including offices & residence of accused which led to recovery of several property documents, details of Bank accounts, three lockers and several incriminating documents.

The arrested accused are being produced today in the Designated Court. Further investigation is continuing.

CBI Press Release – New Delhi, 03.05.2017

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Category : Income Tax (24913)
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Tags : bribe (122) CBI (383) chartered accountants (518)

5 responses to “CBI arrests Mumbai CIT & 5 others in alleged bribery case & recovers Rs. 1.50 crore”

  1. JAINAM SHETH says:

    I think this incidence is very shameful for the dignity of our Profession because One of the arrested persons also include One Chartered Accountant.

    Sometimes, I think that the aspiring CA Students do much hard-work to get certified by ICAI as a Qualified CA. And then, Only these “EDUCATED” people do the offences like the above one.

    I think – We [Chartered Accountants] should think about it seriously because at the end There would be harmful to the prestige of our best profession only.

  2. CA. S.C.Podder says:

    many things are happening every where . Needs no end.

  3. PREM SAGAR KUNDE says:

    it is most heartening to note that irs rank officer is caught in bribery case. we hear every other day that a clerk or supervisor or inspector is caught for bribe of 1 lak, 10 laks 20 laks, but now you see the size of bribe. what they do with such huge amount is most un-understandable. i appreciate the action taken by CBI. THEY HAVE DOEN VERY GOOD WORK. PL.KEEP IT UP TO BRING BHARATH A SWACHCH BHARATH. THANKS

  4. Varaprasad Daitha says:

    It seems that people are taking light of the present scenario. Of course this officer was caught and others are not. It also shows that a discretion vested with officers was the main cause for such happenings. It is also deplorable to misuse the judicial powers vested by such officers. I feel that the CVC had to step into action to discourage such actions. It is also necessary to conclude the proceedings and cases are filed on priority basis.

    • Sekaran says:

      Lack of responsibility, dishonesty, bureaucracy are the only merits of CBDT. If for every case OMBUDSMAN has to be approached what shall we call that vital organization?? Unfettered powers given to the AOs is the bane of the CBDT. AOs should sincerely feel like working in a time bound manner without consideration of the size of settlements, passing the buck to the computer system and behaving irresponsibly as none is there to challenge them for fear of reprisals. Unbridled freedom is improper. Absence of that good quality results in absolute corruption.

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