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: empanelment :: ACCOUNTING STANDARDS :: due date for vat payment :: articles on VAT and GST in India :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ACCOUNTING STANDARD :: form 3cd :: VAT RATES :: list of goods taxed at 4%
 
 
General »
 Tax forgone helps new industries to come up
 How to trim the tax bill on your house
 HSBC gets summons from tax department; fears significant fines
 States tightening tax rules for e-tailers
 No respite to investors from tax tangles: Companies find some demands irrational
 HSBC India at centre of fresh tax evasion claims
 GDP forecast not in sync with tax collection, credit growth'
 Selling bonus shares? Note the tax implications carefully
 Govt may scrap dividend distribution tax
 High Court slams government for collecting tax but not providing motorable roads
 Assocham, ICAI set up virtual centre for MSMEs' development

Commercial tax officer takes bribe, arrested
September, 05th 2012

Directorate of vigilance and anti-corruption (DVAC) sleuths have arrested a commercial tax officer (CTO) in Mylapore for taking a bribe of 15,000 from the owner of a pharmaceutical company on Tuesday.

Police said CTO assistant commissioner K Vijayaraghavan was caught red-handed while accepting cash from P Vaidyanathan, the owner of Orange Health Care Pharma, in his office in Mylapore.

"We nabbed him in the presence of two government officers who will be witnesses," a DVAC officer said. "We set a trap, applying the chemical phenolphthalein to the currency notes that Vaidyanathan was to hand over to the CTO. We searched his table and found the currency in a drawer."

Investigators lace currency notes with phenolphthalein to link a suspect to the money taken as bribe. The suspect is wiped down with a colourless solution of sodium carbonate and the areas that came into contact with the chemical turn pink.

Police said Vaidyanathan, who paid commercial tax online regularly for the past three years approached Vijayaraghavan to transfer his assessment files to his hometown of Sengottai. Vaidyanathan had recently moved out of the city and settled in his hometown and intended to run his business there.

"Vijayaraghavan demanded cash from him to transfer the documents," the DVAC officer said. "Vaidyanathan negotiated with him and finally agreed to pay him 15,000. Vaidyanathan approached us and we set a trap for the CTO."

Police also raided Vijayaraghavan's house in Mylapore. "We seized incriminating documents from his house. We have collected documents of fixed deposits and cash exceeding his known sources of income. We will check if he has any bank lockers," the officer said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2015 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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