Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT RATES :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: empanelment :: list of goods taxed at 4% :: TDS :: ACCOUNTING STANDARD :: VAT Audit :: Central Excise rule to resale the machines to a new company :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: cpt
 
 
ę Customs and Excise »
 Central Board of Excise and Customs to soon notify new procedural framework
 CBEC set to be Central Board of Indirect Taxes and Customs
 Govt to give customs, excise duty benefits to boost solar rooftop sector
 Clarification regarding posting of Central Excise officer in Cigarette units-reg.
 Ensure transparency in excise department working: Bizmen to government
 It is time to review the customs duty on essential food imports
 Migration to GST of existing Central Excise / Service Tax Assessees
 Rate of exchange of conversion of the foreign currency with effect from 3rd February, 2017
 Budgetary Changes In Customs
 Customs and excise officials upset with GST administration deal with states
 Higher petro excise props up govt tax kitty

High court discharges tainted excise commissioners aide
May, 23rd 2013

More than nine years after the Central Bureau of Investigation (CBI) arrested former Central Excise Commissioner Prahlad Kumar Ajwani on corruption charges, it suffered a setback a few days ago when the Bombay High Court discharged a builder accused of helping Ajwani.

The CBI in its charge sheet had said that Indore-based builder Rajendra Beesani, a family friend of the Ajwanis, had signed as witness in a will in which Ajwani's motherin-law Pushpa had transferred some of her properties to Ajwani and his family.

The CBI said Beesani knew the properties listed in Pushpa's name were actually purchased by Ajwani from corruption money, yet he signed as witness in the will.

The Bombay High Court's Justice S C Dharmadhikari, however, said that even prima facie, the CBI was not able to establish whether Beesani had helped Ajwani. "What has to be established is that the assets disproportionate to the known source of income were acquired by Ajwani, and while he acquired them, that act was aided by Beesani," Justice Dharmadhikari noted.

The CBI has accused Ajwani of accumulating properties worth over Rs 10.76 crore, which is more than 2,000 times his purchasing power through known sources of income.

In October 2004 Ajwani was booked for allegedly demanding a bribe of Rs 90 lakh from a Thane businessman. In subsequent searches at his properties, CBI seized Rs 6.15 crore in cash.

Beesani's lawyers argued that the CBI case against him was built on the premises that he was a family friend of the Ajwanis, and that he signed as a witness in a will made by Pushpa.

Ruling in Beesani's favour, the HC noted that the CBI failed to clarify as to how Beesani could be accused of helping Ajwani amass wealth disproportionate to his known sources simply by being a witness to a will.

 
 
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