Income Tax

CBI arrested two Income Tax Officers in a bribery case of Rs. 14 lakh

CBI arrested two Income Tax Officers in a bribery case of Rs. 14 lakh

The Central Bureau of Investigation (CBI) has arrested two Income Tax Officers (ITOs) posted in Ward 7(1)(4) and Ward 7(1)(3) at Koramangala, Bangalore in a bribery case of Rs. 14 lakh.

A case was registered U/s 120 B of IPC and 7 of PC Act, 1988 (as amended in 2018) on 03.04.2019 against an Income Tax Officer, Ward 7(1)(4), and another Income-Tax Officer, Ward 7 (1)(3), Koramangala, Bangalore on a complaint received from a Managing Director of a private company. It was alleged that the accused persons had demanded illegal gratification of Rs. 14,00,000/- from the complainant for showing an official favour in the matter of settling the issue pertaining to Income-Tax survey conducted at the office premises of the complainant on 06.03.2019 and had asked to deliver the above amount on the evening of 03.04.2019.

CBI laid a trap and caught the Income Tax Officer, posted in Ward 7 (1)(4), Koramangala, Bangalore red handed while accepting the bribe of Rs.14,00,000/- from the complainant for himself and for another Income Tax Officer. Searches were carried out at the residential and official premises of both the accused. Cash of Rs. 1.65 crore (approx.) and USD 1450 were recovered from the premises and locker of the Income Tax Officer posted in Ward 7(1)(4). Further, several incriminating documents relating to the case, property, investments and mobile phones, pen drives, etc. have been recovered during searches. During investigation, the other Income Tax Officer posted in Ward 7(1)(3) was also arrested.

The arrested accused were produced before the Competent Court at Bangalore.

Share

Recent Posts

  • Income Tax

No protective addition required when additions is confirmed in hands of searched person – ITAT

No protective addition required in the hand of a third party when additions have been confirmed in the hands of…

22 hours ago
  • arbitration

Limitation u/s 34 of Arbitration Act commences on disposal of application u/s 33 by Arbitral Tribunal – SC

Limitation for filing application u/s 34 of Arbitration Act commence from date on which application u/s 33 is disposed of…

5 days ago
  • Income Tax

Case remanded in absence of finding if disallowance u/s 40A(3) covered by Rule 6DD

Case remanded as no finding was given whether cash payments disallowed u/s 40A(3) were covered by Rule 6DD under Income…

6 days ago
  • Income Tax

For investment in share capital, source of investment is outside the control of the investee company

In case of investment in share capital, the source of investment may remain outside the control of the investee company.…

6 days ago
  • ICAI

ICAI issues revised Code of Ethics (13th edition)- Applicable Dates

ICAI issues revised Code of Ethics (13th edition) ICAI has released revised Code of Ethics (13th edition). The revised Code…

1 week ago
  • SEBI

Modified Norms for Nomination in Demat Accounts and Mutual Fund Folio

Modified Norms for Nomination in Demat Accounts and Mutual Fund Folio SEBI has modified Norms on Nomination to be implemented…

2 weeks ago