Tag: Search & Seizure

आयकर विभाग ने 16 नवंबर, 2021 को गुजरात के एक प्रमुख गुटखा वितरक के ठिकानों पर तलाशी और जब्ती अभियान चलाया। अहमदाबाद में विभिन्न जगहों पर स्थित 15 से अधिक परिसरों पर तलाशी अभियान चलाया गया।

तलाशी कार्रवाई के दौरान, विभिन्न आपत्तिजनक दस्तावेज और डिजिटल साक्ष्य पाए गए और उन्हें जब्त कर लिया गया है। इन साक्ष्यों का प्रारंभिक विश्लेषण स्पष्ट रूप से कर योग्य आय की चोरी को इंगित करता है और इसके लिए कई तरह के गलत कार्य किये गए, जैसे बिना हिसाब के सामग्री की खरीद करना, बिक्री को कम करके दिखाना और बिना हिसाब के नकद में व्यय करना। जब्त सामग्री के आगे के विश्लेषण से पता चलता है कि इन नकद बिक्री का एक हिस्सा हिसाब-किताब में दर्ज ही नहीं किया गया है। तलाशी लेने गयी टीम को अचल संपत्तियों में अघोषित निवेश के सबूत भी मिले हैं।

तलाशी अभियान में बिना हिसाब वाली करीब 7.50 करोड़ रुपये की नकदी और बिना हिसाब-किताब वाले लगभग 4 करोड़ रुपये के आभूषण बरामद हुए है। बैंक लॉकरों पर भी निषेधाज्ञा लगा दी गई है।

अब तक की गई तलाशी कार्रवाई में 100 करोड़ रुपये से अधिक की बेहिसाब आय का पता चला है। इसमें से, समूह ने 30 करोड़ रुपये से अधिक की अघोषित आय को स्वीकार किया है।

आगे की जांच जारी है।

Income Tax raid on Chemicals manufacturer and real estate developers in Gujarat (Ministry of Finance Press Release-21 Nov 2021)

Modus-operandi: Suppression of production, use of bogus purchase invoices without actual delivery of the goods to inflate purchases, availing of bogus GST credit, claim of bogus commission expenses, etc.

Result: The search operation has resulted in seizure of unaccounted cash of about Rs. 2.5 crore and jewellery of Rs. 1 crore. 16 bank lockers have been placed under restraint.

A preliminary analysis of the documents/evidence unearthed during the search has indicated that estimation of unaccounted income is likely to be more than Rs.100 crore.

The Income Tax Department carried out search and seizure operations on 10.11.2021 on two groups, one engaged in real estate and hospitality and the other, a tools and equipment manufacturing group at Gurugram.

Various incriminating documents and electronic data relating to unaccounted investment in real estate, unaccounted sales and purchases, difference in stock, acquisition of shell companies, benami properties and transactions, bogus unsecured loans and share application money, evasion of capital gains, etc. were found and seized. Further, evidence of large sums of money having been received in the form of salary and remuneration by family members without any commensurate qualification or participation in the management of the businesses has been found and seized in one of the groups.

Total cash amounting to Rs. 3.54 crore and Jewellery valued at Rs. 5.15 crore have been seized. In total, 18 bank lockers have been placed under restraint.

The search action, in these groups, has led to the detection of estimated unaccounted income to the tune of Rs. 600 crore.

Further investigations are in progress.

The Income Tax Department carried out search and seizure operations in border districts of Rajasthan on 28.10.2021 covering 33 premises at different locations, where the groups are carrying on business of real estate, sand-mining and liquor trade.

During the course of the search, documentary evidences were found and seized indicating receipt of unaccounted cash as well as utilisation of the same towards purchase of land. Further, documentary evidence of cash sales of sand has been found and seized. The analysis of the same reveals that part of these cash sales have not been recorded in the books of accounts.

The search operation has resulted in seizure of unaccounted cash of Rs. 2.31 crore and unexplained jewellery of Rs. 2.48 crore.

The search action has led to the detection of total unaccounted income exceeding Rs.50 crore. Out of the above, the assessees have admitted unaccounted income exceeding Rs. 35 crore and offered to pay due taxes on the same.

Further investigations are in progress.

Section 80IB of the Income-tax Act, 1961 has been found to be not genuine and is estimated to be around Rs. 30 crore.

 Excess stock to the tune of Rs. 40 crore has been found.

Benami proprietary concern

 Detection of unaccounted income exceeding Rs. 200 crore. 

 Fourteen bank lockers have been placed under restraint.

The Income Tax Department carried out search and seizure operations on 28.10.2021 in the cases of persons engaged in the business of processing & trading of dry fruits. 

During the search operations, many incriminating documents including digital evidence were found and seized indicating that the assessee group has been inflating purchases of dry fruits exorbitantly over the years. Seized evidences also support the fact that unaccounted cash has been received back by the directors of the group against payment made for such purchases. Evidence was also unearthed that one of the assessees was maintaining a parallel set of books of accounts and there was a huge difference between the sales and purchases recorded in both the sets of books of accounts. One of the groups is also indulging in unaccounted purchases and sales of dry fruits.  Excess stock to the tune of Rs. 40 crore has been found. The analysis of seized material and evidence collected reveals that one of the groups is also running a benami proprietary concern.  

In both the groups, the claim of deduction under section 80IB of the Income-tax Act, 1961 has been found to be not genuine and is estimated to be around Rs. 30 crore. 

The search action has resulted in seizure of unaccounted cash of Rs. 63 lakh and jewellery of Rs. 2 crore. Fourteen bank lockers have been placed under restraint. The search action has led to the detection of unaccounted income exceeding Rs. 200 crore. 

Further investigations are in progress.

The Income Tax Department carried out search and seizure operations in the cases of two groups based in Punjab.

The search action in case of the first group was initiated on 21.10.2021. This group is engaged in Cycle business. The group has been found to be involved in suppression of income by showing bogus intra-group transactions within group concerns. The group was also found to have been involved in receiving a substantial part of sale consideration in cash and thereby suppressing the turnover. The seized documents reveal suppression of turnover of around Rs. 90 crore per annum by a group concern. Incriminating documents related to the undisclosed sale of scrap have also been seized.

The search also revealed undisclosed investments by the group members in immovable properties.

The search action has led to detection of unaccounted income of about Rs. 150 crore. The search action has resulted in seizure of unaccounted cash of Rs. 2.25 crore and seizure of unaccounted gold of Rs. 2 crore in this group.

The second group, based in Jalandhar, is engaged in providing immigration & study visa related services to students. The search action in this group was initiated on 18.10.2021.

The search action has revealed that the group used to charge a package, ranging between Rs.10 lakh to Rs.15 lakh per student, depending on the country where the student wished to pursue education. Almost the entire receipts of the group, aggregating to more than Rs. 200 crore in the last 5 years are in cash. It has also been found that the bank accounts of the employees have been used to receive money, which has subsequently been withdrawn in cash. The profit earned from such receipts has never been disclosed in the Income Tax Returns filed. Only the commission received from foreign universities has been shown as receipts in the Income Tax Returns by the members of the group.

The search action has led to detection of unaccounted income of about Rs. 40 crore. The search action has also resulted in seizure of unaccounted cash of Rs. 20 lakh and seizure of unaccounted jewellery of Rs. 33 lakh.

Further investigations are in progress in both the groups.

The Income Tax Department carried out a search and seizure operation on 21.10.2021 in the case of a person engaged in the real estate business, primarily operating as a land aggregator in Nashik.

During the search and seizure operation, many incriminating documents including land agreements, notarized documents and other papers evidencing large scale cash transactions for acquisition of properties have been found and seized. Such transactions are also corroborated by digital evidences extracted from computers and mobile phones.

Further, substantial amount of unaccounted cash was found stored in several private vaults. So far, unaccounted cash of Rs. 23.45 crore has been seized. One locker is under prohibitory orders.

The main persons, who had invested their unaccounted income towards purchase of large patches of land, were also searched. Most of these persons are engaged in the wholesale trading of onions and other cash crops in the Pimpalgaon Baswant region of Maharashtra. Incriminating evidences, including records of large cash transactions made by these traders for making investments in properties, have also been found and seized. Several bank lockers found during the search have been put under prohibitory orders.   

So far unaccounted income of more than Rs. 100 crore has been detected as a result of the search operation. The evidences gathered are being examined and further investigations are in progress.

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