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.
Shraddha, who was beaten up and strangled to death and then chopped into 35 pieces by Aftab, had conversations with her friends and a co-worker either on WhatsApp or Instagram. She had told them that she has been physically assaulted by Aftab since the beginning of their relationship.
Bhambri Kunal, 26, who first came to Singapore in 2018 to study, pleaded guilty to three counts of dealing with the benefits of criminal conduct. In exchange for at least $100, Kunal, who was jailed on Wednesday, withdrew cash totalling more than $26,000 from Singapore bank accounts.
Earlier, on November 14, SKM's National Council held a meeting at Gurudwara Rakabganj and strongly condemned the Modi government for betraying the farmers by not implementing the written assurances made on December 9, 2021 for legally guaranteed MSP, withdrawal of the Electricity Bill, among other demands.
The investigators doubted his version and on strong questioning and through digital evidences, including the use of her Instagram account, which showed the location of the Mehrauli area, Poonawalla finally confessed to killing the victim and then chopping her body into 35 pieces and was arrested on November 12.
Asserting that the SAD stood with the beleaguered peasantry, he announced the party would oppose collection of penalties imposed on the farmers, besides launching a sustained campaign in case the red entries in land records were not revoked.
The arrested individuals have been identified as Manpreet Singh and Bhupinder Singh -- both from Faridkot; and Baljit Singh of Muktsar Sahib. The DGP said the police had established the identity of two of the main shooters -- Manpreet and Bhupinder -- on the first day of the crime and a manhunt was launched in this regard.
