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.
Doctors said that the man's life could have been saved had he been brought to the hospital in time. The victim was the only son of his parents and was looking after the family business after the death of his father. He got married two years ago and his wife is four months pregnant.
Their family and well-wishers in Punjab say they were employed by a private company. They were sacked from their jobs, but their passports were not returned and were unable to return to India. Social activist Dilbagh Singh has written to Union External Affairs Minister S. Jaishankar, seeking their early extradition.
While campaigning in favour of AAP candidate Satinder Singh for by poll in Adampur in Haryana, the Chief Minister said the people of Punjab are trusting them, and AAP will never let this trust be broken at any cost. He said now it is Haryana's turn and the beginning of this change in Haryana will begin from the Adampur constituency.
The Indian embassy further advised citizens to contact it for any assistance needed for crossing the border. It also advised the citizens to contact Indian embassies in Poland, Romania, Hungary and Slovakia as per their exit plans.
According to data shared by Delhi Police, from October 1 to 24, a total of 17,357.134 kg firecrackers were seized which were kept for storage or sale and a total of 150 firecrackers sales were registered.
The Chief Minister extended warm greetings to the people, especially the Sikhs, on the historic Bandi Chhor Diwas, to mark the release from prison of the sixth guru, Guru Hargobind, and 52 other princes with him, in 1619.
