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 :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: cpt :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: TDS :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: form 3cd
« General »
 New global tax regime in the works, India set to gain
 Maharashtra ministers split over tax on consumables
 Nationwide Strike by Income Tax Officials on October 8
  I-T officials threaten to go on strikea
 Corporate tax exemptions phase-out may end MAT
 Kerala finance panel for rationalizing tax rates, fee structures
 pledges ‘fairest predictable tax regime’ ahead of India-US dialogue in Washington
 Govt to adhere to FY16 fiscal deficit target
 Tax Department Asks Officials not to Pursue Pending MAT Cases
 Need to move towards more direct taxes: Minister of State for Finance Jayant Sinha
  Nominate only senior officials to handle big tax demands: Government to revenue department

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