Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: list of goods taxed at 4% :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: form 3cd :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: VAT RATES :: articles on VAT and GST in India :: due date for vat payment :: cpt
 
 
« General »
 Property tax revision unlikely till April 2019
 Norms for filing tax are the same for residents and non-residents
 Data shows new tax regime widely adopted
 Confusion over GST persists: Wholesale grain market affected, sales fall by 40 percent in Pune
 Slow tax growth reflects companies' GST troubles
 What is PAN card? Why is it important?
 Govt to cut down executive discretion on tax laws
 Businesses can start filing July returns on GSTN from August 5
 Are you earning abroad? Know the tax rules
 Attention last minute tax filers! Know about key changes made by govt this year
 Accounting relief for IndAS companies

Inquiry panel to begin probe against senior I-T officer
October, 05th 2011

The Central Board of Direct Taxes (CBDT) has constituted an inquiry committee to initiate proceeding against a senior income tax (I-T) officer, who had exposed a non-functional computer system in the department, that had resulted in a loss of around Rs35,000 crore in tax collection in the city.

The inquiry committee would be headed by a chief commissioner level officer, who will conduct hearing against former director of income tax, Central Information Branch (CIB), AC Tejpal for spoiling the name of the department and going against it.

The committee, which would start the hearing in a months time, is required to submit a report to the board in six months.

Hindustan Times had on May 25, 2010 reported how Tejpal exposed the non-functional computer system that failed to disseminate 11.4 crore pieces of information pertaining to unaccounted income and that was gathered by the CIB, to the concerned field officers, leading to a loss of Rs35,000 crore to the city. The information concerned was from 2005-06 to 2009-10.

THE EFFECT

However, this inquiry could spell trouble for many former and present finance ministry officials, senior I-T officials and board members, who had failed to take note of the non-functional system and also failed to take action despite Tejpal bringing it to their notice. This is because Tejpal would also be given a fair chance to present his case and he could call witnesses to prove his side, a board official said.

Tejpal had written about the non-functional system to senior CBDT members and I-T officials. However, instead of taking action on Tejpals letters, the board suspended him on May 26, 2010, a day after he spoke to HT.

Tejpal was reinstated from August 1 as commissioner of income tax, but has not been given any charge. He is getting 50% of his salary pending inquiry against him.

The board had also last year in July constituted a three-member committee that was looking into Tejpals allegations on loss of tax because of non-functional computer system. Even as this committee is yet to submit a report, the board has constituted another inquiry committee under a chief commissioner to initiate proceedings against Tejpal.

The official also said that the committee would be like a judicial court and will have power to issue summons.

After the committee submits a report, action would be decided depending on its content, the official said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions