PUNE: The Central Bureau of Investigation has arrested B Srinivasa Rao an Income Tax Officer (ITO), Visakhapatnam for allegedly demanding and accepting a bribe of Rs 30,000 from the complainant.CBI spokesperson in a statement issued on Wednesday said a case was registered against the ITO, Ward – 5(1), MVP Colony, Visakhapatnam. It was alleged that the complainant who gave his plot for development to a builder was yet to receive his share of 12 flats.The accused had allegedly demanded a bribe of Rs 1,50,000 for dropping further proceedings with reference to the notice issued to the complainant in respect of sale of immoveable property, which require payment of capital gains.When, the complainant was unable to arrange bribe, the ITO agreed to accept money in installments and directed him to pay the first installment of Rs 30,000 on Tuesday.CBI officials after verifying the bribe demand laid a trap and caught Rao red handed while allegedly demanding and accepting the bribe from the complainant in the presence of independent witness.During the searches conducted at the office and residential premises of accused several incriminating documents including cash of Rs 20,337 (approx) was recovered.The arrested accused is being produced before the designated court on Wednesday.