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 Audit :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: ACCOUNTING STANDARD :: TDS :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: cpt :: articles on VAT and GST in India :: VAT RATES :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS
Sales Tax »
 India finalises bills to launch new sales tax in July
 NMC to implement new tax system from Apr 1a
 13 per cent sales tax boost post demonetisationa
 Arun Jaitley May Lower Corporate And Income Tax Rates But Hike The Service Tax Rate
 Tax on high seas sales becomes dispute area
  State extends GST enrolment deadline
 State extends GST enrolment deadline
 To protect its status, state forms panel to draft legislation on GST
 India Fails to Break Deadlock on New Sales Tax
 Sales tax staff protest against goods service tax council
 Income tax survey on city jeweller

ACB seeks govt nod to probe sales tax joint commissioner
June, 17th 2015

The Maharashtra Anti-Corruption Bureau has sent a proposal to the state government seeking permission to initiate a disproportionate assets investigation against former Mumbai Sales Tax Joint commissioner Ramdas Shinde, who was trapped and arrested while accepting a bribe of Rs 20 lakh in May this year along with his ‘agent’.

Shinde was arrested by the ACB’s Raigad unit on May 10 this year for allegedly demanding Rs 60 lakh from a Navi Mumbai based builder and accepting Rs 20 lakh from him.

Irfan Bhopali, an employee with a chartered accountant’s firm, was also arrested for allegedly accepting the money on Shinde’s behalf. The ACB then conducted raids at Shinde’s properties and found assets worth more than Rs 1 crore in his and his family’s name.

“We have conducted a final assessment of Shinde’s assets, and it has been found to be worth Rs 1.84 crore. This includes two houses, two commercial spaces, a row house and eight plots of land in various parts of the state, and over Rs 20 lakh in various bank accounts. Based on the evaluation of his assets, we have sent a letter to the state government, seeking permission to initiate a disproportionate assets probe against Shinde,” said an ACB official.

The official added that if the sanction is obtained, the ACB will calculate his total earnings from the date of his joining government service to the date of his arrest, deduct one third of the amount based on the assumption that it is the minimum that a person can spend for day to day expenses, and compare the final amount against the value of his assets. “Once we have a difference between his income and his assets, we will question him. During the questioning, we will give him a chance to explain how he possesses assets beyond his income, and in case he failed to provide a satisfactory explanation, will register a case of possessing disproportionate assets against him under the Prevention of Corruption Act,” the officer added.

The ACB has also found Shinde and Bhopali are 20 per cent partners in a real estate firm, which recently bought a plot of land in Navi Mumbai worth Rs 6.46 crore, and this aspect is being probed separately, said officials.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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