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Monday, August 29, 2011

CBI arrests I-T Commissioner for graft!

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Press Trust Of India / / Posted on Aug 29, 2011 at 06:21pm IST.

Mumbai: The CBI on Monday arrested Income Tax Commissioner Daya Shankar for allegedly accepting a bribe of Rs two lakh from a private company for passing a favourable order in an appeal matter.

"Shankar, Commissioner IT (Appeals), was arrested this morning from his office in Bandra for demanding and accepting bribe for settling and issuing a favourable order in an appeal matter pending before him," CBI Joint Director (Western Region) Rishiraj Singh told reporters.

A firm engaged in copper wire manufacture had filed its return for assessment year 2008-09 which was taken up for scrutiny by the jurisdictional IT officer. After scrutiny, the IT officer had passed an order for additional tax liabilities.

Aggrieved by this, the company approached Shankar with an appeal challenging the order.

"Shankar demanded bribe from the company for issuing a favourable assessment order. He also told them that if they do no pay the money then he would confirm the order passed earlier," Singh said.

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