Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 8 reasons why old tax regime is still attractive for many taxpayers in this income tax bracket
 March 31 deadline is getting near. How to save income tax with tax loss harvesting?
 45-day MSME payment rule: Impact and details of Section 43B(h) explained
 Small savings schemes that offer tax benefits of up to Rs 1.5 lakh under section 80C
 RE-OPENING OF CORRECTION WINDOW FOR MAY 2024 CA EXAMINATIONS
 Powerful Upgrades, Tally 12+1 months renewal Plan and Connected Services for your growing Business - March 2024
 How innovative solutions can help fix the Sec 43B conundrum for MSMEs
 Income Tax dept asks many individuals to explain high value transactions of FY20-21 as Updated ITR deadline nears
 Release Notes for TallyPrime and TallyPrime Edit Log Release 4.1 | What s New!
 Deadline to file updated ITR FY20-21 ends on March 31: Details on additional tax
 4 tax-planning mistakes to avoid this season

Joint Commissioner of Central Excise awarded 3 years RI for Corruption
November, 05th 2007

Corruption in IRS has taken its toll with CBI Court convicting and awarding three year Rigorous Imprisonment and Rs.50,000/- fine to Joint Commissioner of Central Excise, V.Jayaraman for possessing assets disproportionate to known sources of income. The Special Judge for CBI cases, Madurai also awarded one year Rigorous Imprisonment each to his wife, Smt. Waheed Jayaraman and his father, P.Velu for abetting him in acquiring the properties.

CBI in its FIR had alleged that Shri V. Jayaraman, during the period 1998 -2004 Joint Commissioner acquired four properties including three houses, two cars, FDs, shares, bank balance. etc. worth Rs.60.02 lakh which he could not satisfactorily explain and was thus living beyond known sources of income. The properties were acquired in the names of V. Jayaraman, as well as his wife and father. The IRS Officer was found to be in possession of disproportionate assets to the tune of Rs.45.62 lakh. He had acquired two of the houses showing lower value in the documents while as per evidence collected it was found that the actual value was much higher. It was also found by CBI that his wife, Smt. Waheeda Jayaraman and his father, Shri P. Velu had abetted Jayaraman in acquiring these properties.

After trial, the CBI Court found the Joint Commissioner and his family members guilty of the offence of corruption and convicted them.

IRS Officers command a dowry of Rs 1 to 2 Crore as the brides parents eye the lifestyle to be enjoyed by the bride after marriage but after such incidents the market rate of IRS Probationers is going to come down as even their wives can be charged by CBI for abetting in corruption and will also have to share prison with them in case of a CBI raid.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting