Darpan News Desk The Canadian Press, 26 Oct, 2021 11:05 AM
New Delhi, Oct 26 (IANS) The Income Tax Department carried out search and seizure operations in the cases of two groups based in Punjab.
The search action in case of the first group was initiated on October 21. This group is engaged in Cycle business. The department said that based on investigation it found that the group has been involved in suppression of income by showing bogus intra-group transactions within group concerns.
The group was also found to have been involved in receiving a substantial part of sale consideration in cash and thereby suppressing the turnover. The seized documents reveal suppression of turnover of around Rs 90 crore per annum. Incriminating documents related to the undisclosed sale of scrap have also been seized, the department said in a statement.
The search also revealed undisclosed investments by the group members in immovable properties.
The search action has led to detection of unaccounted income of about Rs 150 crore and seizure of unaccounted cash of Rs 2.25 crore and unaccounted gold of Rs 2 crore.
In the second case, the IT launched searches on a group based in Jalandhar that is engaged in providing immigration and study visa related services to students. The search action in this group was initiated on October 18.
The I-T department said that the search action on this group revealed that they used to charge a package, ranging between Rs 10 lakh to Rs 15 lakh per student, depending on the country where the student wished to pursue education. Almost the entire receipts of the group, aggregating to more than Rs 200 crore in the last 5 years are in cash.
It has also been found that the bank accounts of the employees have been used to receive money, which has subsequently been withdrawn in cash. The profit earned from such receipts has never been disclosed in the Income Tax Returns filed. Only the commission received from foreign universities has been shown as receipts in the Income Tax Returns by the members of the group.
The search action has led to detection of unaccounted income of about Rs 40 crore. The search action has also resulted in seizure of unaccounted cash of Rs 20 lakh and seizure of unaccounted jewellery of Rs 33 lakh.
Further investigations are in progress in both the groups.
Even the Union Ministry of Social Justice and Empowerment has directed all state governments and Union Territory administrations to use the word Scheduled Caste instead of Dalit for persons belonging to SCs.
The non-recognition of the Covishield vaccine has impacted the Indians, especially students travelling to the UK. This issue was flagged during the meeting between Indian External Affairs Minister Dr Jaishankar and UK Foreign Secretary Liz Truss on Monday in Washington DC.
She reached Chandigarh, the joint capital of Punjab and Haryana, by air in the morning from where she headed straight to her daughter Priyanka Gandhi Vadra's cottage located amid forests of pine and cedar on the suburbs of the Himachal Pradesh capital.
Channi took oath of office along with his two deputies -- one a Jat Sikh and another belonging to the Hindu community -- at a simple ceremony here in the Punjab capital that was delayed for 20 minutes owing to the late arrival of party leader Rahul Gandhi.
Jasbir Singh Virk, president of Bhartiya Sikh Sangthan, has underlined the need to intensify the ongoing farmers' agitation and said that there was a need to shore up strength at the Delhi borders.
Punjab BJP President Ashwani Sharma told IANS that to control infighting in its party state unit, the Congress leadership made Channi ji (Charanjit Singh Channi) the Punjab Chief Minister but insulted the Dalit community by not allowing him to lead the party in the upcoming state Assembly polls.
