NEW DELHI: The Income Tax Department (ITD) has unearthed an over Rs 100 crore of black cash and undisclosed source of revenue after it raided some major catering and pandal (tent) operators in the national capital area over the weekend.
Officials mentioned a total of 43 premises of three major tent and catering operators have been raided (searched and surveyed) since May three by the sleuths of the Delhi investigation wing of the ITD and until now a cash quantity of Rs 1.82 crore and jewelry price Rs 2.4 crore has been seized from them.
The catering, tent and pandal operators, who're in the industry of setting up large and fat weddings and other circle of relatives celebrations in the NCR, have not been known.
The division discovered that the operators have been largely "dealing in cash" and the sleuths have seized their mobile phones on which they used to take care of their purchasers, through SMSes and WhatsApp chats.
"All those messages on mobile phones and documents showing undisclosed cash receipts have been seized and are being scrutinised.
"These businessmen have been evading tax for many years by under-reporting their gross sales and repair charges," mentioned a senior authentic.
Officials mentioned about 15 financial institution lockers of these operators have additionally been frozen and the quantity of black cash or undisclosed source of revenue detected in this case may go well over the prima facie estimate of Rs 100 crore.
"Some of these entities have additionally claimed bogus bills in the form of purchases from shell corporations," the authentic mentioned.
The extent of evasion, in some circumstances, is about 100 in keeping with cent of the source of revenue earned, he mentioned.
The division may be scanning the list of the ones high-profile purchasers who have been dealing with those caterers and pandal services by paying in cash, the authentic mentioned.
Officials mentioned a total of 43 premises of three major tent and catering operators have been raided (searched and surveyed) since May three by the sleuths of the Delhi investigation wing of the ITD and until now a cash quantity of Rs 1.82 crore and jewelry price Rs 2.4 crore has been seized from them.
The catering, tent and pandal operators, who're in the industry of setting up large and fat weddings and other circle of relatives celebrations in the NCR, have not been known.
The division discovered that the operators have been largely "dealing in cash" and the sleuths have seized their mobile phones on which they used to take care of their purchasers, through SMSes and WhatsApp chats.
"All those messages on mobile phones and documents showing undisclosed cash receipts have been seized and are being scrutinised.
"These businessmen have been evading tax for many years by under-reporting their gross sales and repair charges," mentioned a senior authentic.
Officials mentioned about 15 financial institution lockers of these operators have additionally been frozen and the quantity of black cash or undisclosed source of revenue detected in this case may go well over the prima facie estimate of Rs 100 crore.
"Some of these entities have additionally claimed bogus bills in the form of purchases from shell corporations," the authentic mentioned.
The extent of evasion, in some circumstances, is about 100 in keeping with cent of the source of revenue earned, he mentioned.
The division may be scanning the list of the ones high-profile purchasers who have been dealing with those caterers and pandal services by paying in cash, the authentic mentioned.
Delhi: Taxmen unearth Rs 100 crore evasion
![Delhi: Taxmen unearth Rs 100 crore evasion]()
Reviewed by Kailash
on
May 08, 2018
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