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 recognition of the best performance of Divisional Commissioners, DCs, SSPs, SDMs and other field officials, Mann also announced such officers or officials will be honoured with the 'Best Performing Award' to further motivate them to serve the people with missionary zeal.
Cheema said the target to increase the sugarcane yield by at least 100 quintals per acre in the next two years has been set, which would further increase the income per acre around Rs 36,000.
While Congress leaders restrained from commenting on the meeting, sources close to Bittu said that there was nothing much in the meeting which was a courtesy call. However, recent instances of Congress leaders leaving the party have triggered speculation of another Congressman desetring the party.
The BJP-ruled Haryana will convene a day-long special session of the Vidhan Sabha on Tuesday. A cabinet meeting was held on Sunday under the chairmanship of Haryana Chief Minister Manohar Lal Khattar, who has condemned AAP moving a resolution in the Assembly to transfer Chandigarh to Punjab.
Talking to reporters on Thursday, Gursevwak Singh, the elder brother of Gurwinder Singh, who was one of the four farmers who died, said: "The case should be transferred to Delhi. We all know that the proceedings are being influenced here. No action was taken against the union minister despite his video threatening farmers having gone viral.
The Delhi Police on Thursday said that they have arrested eight persons in a case of vandalism outside the residence of Chief Minister Arvind Kejriwal. A senior police official confirmed that several teams were conducting raids to nab more people invovled in the case.
