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also been found that the bank accounts of the employees have been used to receive money, which has subsequently been withdrawn in cash.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.
The area has been cordoned off and additional forces have reached the spot. Police said the terrorists involved in firing have been trapped and an operation has been started by the police and security forces.
Union ministers Piyush Goyal, Dharmendra Pradhan, Pralhad Joshi, Anurag Thakur, Bhupender Yadav, V. Muraleedharan and Arjun Ram Meghwal held a joint press conference at the Shastri Bhavan here on Thursday and condemned the 'unruly' and 'violent' behaviour of the opposition parties led by the Congress.
Chief Ministers of Congress-ruled states as well as where the party is in power as part of an alliance, including Tamil Nadu's M.K. Stalin (DMK), Maharashtra's Uddhav Thackeray (Shiv Sena) and Jharkhand Chief Minister Hemant Soren (JMM) will also be invited.
Besides, the All India Congress Committee, the Maharashtra and Mumbai verified Congress handles, that of Congress Legislative Party leader and Revenue Minister Balasaheb Thorat, Mumbai Congress President Bhai Jagtap, state party social media head Abhijeet Sapkal, and around 500 other leaders at various level have been blocked on Twitter.
Meanwhile, the wreckage of the state roadways bus that fell into a 500 metre deep gorge following the massive landslide was recovered this morning, rescuers said.
Senior Home Ministry officials on Thursday reviewed the status of the investigations in the two rape cases in Delhi with officials of the Delhi Police. The review was done on the instructions of Union Home Minister Amit Shah, the officials said.
