Income Tax raids conducted in Haryana's Gurugram, Rohtak, Panchkula and Samalkha

NewsBharati    19-Mar-2021
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New Delhi, Mar 19: The Income Tax Department carried out search on a group engaged in the business of real estate, housing, hospitality and retail liquor trade. The search operation was carried out at 12 different premises located in Samalkha, Gurugram, Rohtak and Panchkula.

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According to the income tax dept, the search action emanated due to non-compliance to faceless scrutiny assessment notices selected and issued through a computerised system. The notices under Faceless Assessment Scheme sent to certain assessees were consistently not complied with, even though received by them. Further the data analytics revealed that the recipients were persons of no or low means.
 
Subsequent internal and discreet enquiries revealed that the said persons were the front for the above said group and were also the benamidars of some of the group members. Further enquiries also revealed that the persons to whom the notices were issued were engaged in liquor business. It was found that such persons to whom liquor licences were issued were the benamidars of the main group members.
 
They were persons of no means and have stated on oath that they have no knowledge of the business being run in their names. It seems that their names have been misused to avail the quota reserved for SC/ST section. Further investigation is on to establish the money trail and real ownership, whereas suitable action under Benami Prohibition Act will be taken in all such cases.
Substantial evidence has also been found that the group has routed their unaccounted income of Rs 70 crore in the form of bogus share capital and unsecured loan, through a shell company which has been invested in the buy-out of a real estate project from a popular builder in the area of Gurugram. Evidence in the form of property documents and title deeds have been found regarding investment in benami properties in India as well as out of the country and the case is being examined further.