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.
In a major breakthrough in the killing of Shaurya Chakra awardee Balwinder Singh Sandhu in 2020, Punjab Police on Tuesday arrested key accused Gurwinder Singh, a.k.a. Baba, from Tarn Taran.
Cyber Crime Portal from the complainant Baldev Singh (a head Granthi in a Gurudwara in Delhi) was received alleging that he was contacted by a person in name of providing Kirtan opportunity in marriages and other cultural occasions in various cities of United States. Following this offer, the complainant transferred Rs. 1.25 lakh in bank accounts provided by the accused person.
Deputy Inspector General, Anti-Gangster Task Force Gurpreet Singh Bhullar said the team acted on a tip off to locate the kingpin Parminder Singh, alias Pindri, who was handling the operation of Bishnoi gang in the Nangal-Ropar belt. He said 22 first information reports (FIRs), including an attempt to murder, have been registered against the gangster.
The passenger reached at terminal number 3 on August 6. He was intercepted after he had crossed the Green Channel and was approaching towards the exit gate. On thorough checking of his baggage, nothing suspicious was found.
The operation was carried out in all seven border districts of Pathankot, Gurdaspur, Batala, Amritsar, Tarn Taran, Ferozepur and Fazilka. Major focus of this operation was to keep vigil on movement of drones carrying drugs and arms, ammunition, explosives and grenades in the border areas, an official statement said.
The passenger was intending to fly to Dubai by flight IX-141 from T3 on Thursday. Offloaded on the basis of suspicion, the man and his luggage was checked and the US currency recovered from plastic thread roll in his trolley bag.
