I-T dept detects unaccounted transactions exceeding Rs 100 cr across country
Darpan News Desk IANS, 22 Nov, 2022 12:06 PM
New Delhi, Nov 22 (IANS) The Income Tax Department on Tuesday said that it has unearthed unaccounted transactions exceeding Rs 100 crore during searches on a few groups engaged in jewellery and real estate business across the country in connection with alleged tax evasion.
According to an official, on November 17, the searches were carried out in more than 30 locations spread across Patna, Bhagalpur, Dehri-on-Sone, Lucknow and Delhi.
During the searches, a large number of incriminating documents and digital evidence indicating evasion of income tax were found.
In one of the raids, analysis of seized evidence revealed that the group engaged in the business of gold and diamond jewellery, had invested its unaccounted income in cash purchase of jewellery, renovation of shops and immovable properties.
It had unaccounted money of over Rs 12 crore in its books of account, in the garb of advance from customers.
Upon physical verification of stock, during the search action, unaccounted stock of more than Rs 12 crore were found.
In the case of another group engaged in real estate business, evidence of unaccounted cash transactions in purchase of land, construction of buildings and sale of apartments, were found.
Evidence seized in the case of a prominent land broker has further corroborated the above unaccounted transactions. The quantum of such unaccounted cash transactions is more than Rs 80 crore. The unaccounted income so earned by the key persons of the group has been invested in acquisition of many immovable properties, including large parcels of land.
"During the search operations, unaccounted cash and jewellery worth more than Rs 5 crore have been seized. A total of 14 bank lockers have been put under restraint. So far, the search action has led to detection of unaccounted transactions exceeding Rs 100 crore," said the official.
According to an immigration official, Faesal was stopped at the Indira Gandhi International Airport as he was about to go abroad. He was sent back to Srinagar on another flight and detained there.
She is the first woman in the India’s military history to be awarded the YSM, a medal that recognises distinguished service of a high order during war, conflict or hostilities. YSM is not a gallantry award.
Abhinandan, from the Indian Air Force, brought down the F-16 near the Line of Control (LoC) during a dogfight in February, resulting in his capture and later release by Islamabad.
In the video, shot in 2018 at Aligarh Muslim University, Professor Nayeem can be heard speaking about the history of Jammu and Kashmir's accession to India and the nature of the special status granted to the region.
The step was taken after Mika's performance at an event in Pakistan amid spiralling diplomatic uncertainty between the neighbours after New Delhi abrogated Article 370 that gave special status to Jammu and Kashmir.
Though living in 'forced exile' within their own state for over three decades now, the longing to return to their homeland in the turmoil-hit Kashmir Valley has not waned among a majority of the Kashmiri Pandits in this Hindu-dominated town.
