In the operation which started yesterday across Mumbai and Chennai The CBI, Anti Corruption Branch, Chennai has caught Sallong Yaden, Joint Commissioner, Income Tax, Range-VI, Nungambakkam, Chennai red handed while accepting a bribe of Rs 8 lakhs from a chartered accountant, Shreyans Bhandari of S.H. Bhandari & Co., Chartered Accountants. Bribe was to give a favourable report on the Income Tax search conducted on a private company based in Chennai.

The others arrested are Chartered Accountants Sanjay Bhandari and Shreyas Bhandari and Managing Director of Chennai-based real estate firm SPG and RG Hitesh Kawad, they said, adding several other companies were also under scanner. Chartered Accountants acting as middlemen, according to the sources.

During the searches at 16 places, several incriminating documents, files relating to the questioned Assessments, computers, laptops, cellphones, huge cash, huge quantities of gold jewellery and silver bars were recovered till the last reports came in. Searches are further continuing, said CBI.

The sources said several more senior Income Tax officers from Mumbai and Chennai are under scanner.

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Category : Income Tax (25791)
Type : News (12908)
Tags : bribe (124) CBI (394)

12 responses to “CBI arrests JCIT, 2 CAs & Businessmen in bribery case”

  1. Uday Gupta says:

    if you have money, you can do anything in income tax department. claim expenses without vouchers even cash vouchers. income tax department issue the order of Tax demand of 4,96,963 And penal action separately on tax evader form accord financial services. But I come to know it is on Lipapoti way now at appeal

  2. B N Rawat says:

    Please make focus on Circle 54(1) old Circle 32(1) and Ward 49(1) TDS where Income Tax officer/Inspector saving Tax Evader Accord Financial Services. No body listening despite company Managing Partner and company CA clearly saying there is no Vouchers of Cash Payment, Conveyance Reimbursement .

  3. t.v.sreekantan says:

    PLEASE SELECT THE ALL THE TAX AUDIT CASES AUDITED BY THE SAID CHARTERED
    ACCOUNTANT FOR SRUTINY AND ISSUE NOTICE U/S.143[2] OF THE I.T.ACT,1961
    IN THE INTEREST OF THE NATION IMMEDIATELY.KINDLY REOPEN ALL THE CASES
    AUDITED BY THE SAID CHARTERED ACCOUNTANTS FOR ATLEAST FOUR ASSESMENT
    YEARS

  4. SSR says:

    I would again say that only the fear of cacellation of membership can deter such fradulent activities. ICAI must take strong actions against any such errant member of the Institute.

    • Uday Gupta says:

      ICAI is toothless entity. they try to save CA by delaying case. ICAI not taking action against the CA after found prima facie GUILTY.

  5. t.v.sreekantan says:

    REQUEST FOR CBTD.ROTATION OF TAX AUDTIOR KINDLY MAKE A LAW THAT A CHARTERED
    ACCOUNTANTS CAN CONDUCT A TAX AUDIT U/S.44AB OF AN ASSESSEE FOR ONE YEAR
    ONLY.

  6. sekaran says:

    A perusal of the various comments mentioned earlier clearly indicate the bureaucratic procedures to catch an obvious rogue who is standing before you. That’s the bane of our dirty and long winded justice system.The bureaucrats take full advantage of the loop holes with a plenty of alcohol to smoothen the ripples and thus go scot(ch) free! If the criminal is a rapist on the streets of Kolkata or Mumbai or even Delhi, will he go scot free? Wouldn’t he be thrashed to death?? Why this differentiation of a dirty Class 1 officer of the Govt of India who is habituated to high handed corruption and a common criminal on the street? Unless there is an instant justice system all kinds of CAs and their clients take absolute cover under some defunct and senseless and archaic law which some of our judges are ready to accept at a pr…! The country is not going to improve until these laws meant for decent guys is made inapplicable to habitual offenders.

  7. t.v.sreekantan says:

    IT IS HIGH TIME TO AUTHORISE ALL THE AUTHORISED REPRESENTAIVES AS NOTIFIED IN SECTION 288 OF THE INCOME TAX ACT 1961 TO CONDUCT TAX AUDIT U/S 44AB .THE CBTD MUST RECOMMEND IN THIS MATTER TO THE MINISTRTY OF FINANCE IMMEDIATELY.

  8. CMA NABANEETA MUKHERJEE says:

    It is again proof that Chartered Accountant is the middleman between the Income Tax officers and the Assesses.Nowadays most of the Chartered Accountants have no social responsibility. HOW MANY YEARS CBDT & DEPTT. OF REVENUE (MINISTRY OF FINANCE) FAVOUR ONLY CHARTERED ACCOUNTANTS ? Monopoly of one institute is always dangerous for the country.
    WHY CBDT & MINISTRY OF FINANCE SUPPORTS A SINGLE INSTITUTE IN THE NAME OF EXPERTISE, COMPETENCIES ETC. ?

  9. SSR says:

    Being a member of ICAI, I suggest that the Central Council reacts to this as early as possible and takes strongest possible action against the said members if proved guilty. This will communicate a message to all concerned that, such types of fraudulent persons do not, in any way, represent the Institute. It is not really difficult to understand that such individuals will get involved in fraudulent activities in whatever profession or activities they pursue in their life.

  10. Anonymous says:

    I could’t understand why CAs are being caught almost everyday for doing frauds. CAs are being called agents and brokers. Seems the CA course has reached its saturation point. I don’t think students will desire to pursue this course and will like to be called a broker. This is very disheartening. I think students shall pursue CS course which is still respected.
    This reminds me of MBA course which was once very respected but now lost its charm. Likewise CA course has also lost it’s charm now. CA course doesn’t make a student a professional but it appreciates a student to indulge into fraudulent things.
    I have seen CAs who are proud that they are able to bribe the IT officers and indulge into fraud. How can a professional be proud of being a “FRAUDSTAR”. Time to rethink.

  11. sekaran says:

    I do not think any body is benused by such happenings.The higher they reach the larger the purse is, whereever fiscal transactions take place.Be it a VAO, Tahsildar, MLC,MLA or even the MP.The clout these people enjoy corrupts the CBDT and the executive also very badly from a very early stage.Once tasted and smelled, the sweet smell of currenncy, be it from a fishmonger, a financing company or a conservancy agency, it does not matter! Their sense of propriety is lost for ever until they start doing their biz openly and get trapped due to some unwilling partner! These people should be summarily tried and dischaged from service instead of allowing the benefit of the long arm of INDIAN LAWS and JURISPRUDENCE which are totally out of tune with the needs of the hour and are highly politically biassed. Only the unbiassed Lord Can save us from their clutches

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