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: due date for vat payment :: VAT RATES :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: form 3cd :: cpt :: Central Excise rule to resale the machines to a new company :: TDS :: VAT Audit :: empanelment :: articles on VAT and GST in India
 
 
Direct Tax »
 TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
 CBEC tells field officers to take GST disputes to Supreme Court
 Jurisdiction-free income-tax assessment on the cards
 CBDT asks I-T department to take urgent steps
 TDS on interest on deposits made under the Capital Gains Accounts Scheme, 1988 where the depositor has deceased
 Tax evaders set to face action: CBDT chairman Sushil Chandra
 Income-tax department calls big corporate entities to pay advance taxes
 Tax consultants protest against glitches in GST
 Eateries may soon have to pay tax on service charge
 Why new tax proposal could spoil Indian companies' appetite for buybacks
 CBDT has substituted Form 29B vide Notification No.80/2017

CBI likely to register cases against members of Income Tax Appellate Tribunal
May, 15th 2012

The Central Bureau of Investigation (CBI) is likely to register cases against more than 20 members of different benches of Income Tax Appellate Tribunal (ITAT) for alleged corruption and collusion while dealing with various cases. Official sources said that the agency has gathered sufficient evidence against these members for allegedly "conspiring with private persons to pass favourable orders".

The ITAT is a quasi-judicial body and has benches in Mumbai, Delhi, Agra, Ahmedabad, Allahabad, Amritsar, Bangalore, Chandigarh, Chennai, Indore, Nagpur and Patna among others. The two-member bench is selected by a board chaired by a sitting judge of the Supreme Court.

"The CBI has received evidence on alleged irregularities being done by ITAT members. Over 50 orders passed by these members are being scrutinized by the agency. The orders clearly indicate criminal collusion and corruption," a source claimed.

He said the names of some noted chartered accountancy firms have also come up during the preliminary probe.

"Some fresh cases may be registered against ITAT members and personnel of the chartered firms," the source added.

The CBI had on May 13, 2008, registered a case against Jugal Kishore, an ITAT member from Kolkata, for allegedly accepting a bribe of Rs 30 lakh from an accounting firm to deliver favourable orders to its client.

A chargesheet has been filed by CBI in January before a Kolkata special court against Kishore and five other persons, including the owner of accounting firm (S K Tulsiyan and Company), S K Tulsiyan, Sashi Tulsiyan, Ravi Tulsiyan besides middle men Subhash Chand Barjatiya and Nishant Jain.

The agency had alleged that Kishore demanded bribe of Rs 30 lakh from the accounting firm for undue favours extended to them in Income Tax matters of various parties before the Tribunal. "The Tulsiyans were acting as a tout to Jugal Kishore and were the middlemen and prepared orders on behalf of the members of ITAT, Kolkata and manipulated orders," a CBI spokesperson had said.

The most glaring case is that of the tribunal's Kolkata bench - as many as 12 of its orders were recovered from Tulsiyan's hard discs before these were delivered - the CBI had alleged. The agency had during searches conducted at Kishore's residence recovered Rs 28 lakh of `bribe money' and the remaining Rs two lakh was found in a briefcase with Jain and Barjatiya.

Later, during the searches at the offices of the accounting firm, the CBI had claimed to have recovered nearly 14 computer discs carrying over 70 pre-dated judgements which were delivered in various benches of the tribunal.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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