CBI arrests Income Tax Joint Commissioner and CA
Central Bureau of Investigation arrested an Income Tax Joint Commissioner and a Chartered Accountant at Kolkata for demanding and accepting Rs.five lakh bribe from the proprietor of an engineering Company in connection with assessment of annual income of the company. CBI registered a case on the complaint of the proprietor of the company that the Joint Commissioner demanded a bribe of Rs.five lakh from him as a motive for approving the proposal of the ITO for levying of 8% tax on annual income of the complainant on the return filed by him for the financial year 2002-03 which was taken up for scrutiny by the Income Tax Department and the tax amount calculated at Rs.3.7 lakh (approx.) and also for allowing the matter to rest instead of referring the file for reassessment of the return. On the basis of the complaint, CBI laid a trap and the official was caught red-handed while demanding and accepting the bribe of Rs.five lakh. The Chartered Accountant was also arrested for his involvement in the demand and acceptance of bribe. Chartered Accountants are supposed to facilitate and unfortunately many a time they are perceived as agents of IT officers, which is really bad for a highly professional body.