CBDT brief on the income tax raids in NCR, Bhopal, Indore and Goa

Brief highlights of the recent income tax raids in NCR, Bhopal, Indore and Goa

As reported by media, yesterday, the Income Tax Department had conducted raids at the Indore home of Praveen Kakkad, an officer on special duty to Madhya Pradesh Chief Minister Kamal Nathand at other locations related to him.

The CBDT has issued the following Press Release on the issue.

Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

New Delhi, 8th April, 2019

PRESS RELEASE

Brief highlights of the recent searches in NCR, Bhopal, Indore and Goa

Based upon credible information of large scale collection, possession and movement of unaccounted assets, Delhi Directorate of Income Tax (Investigation) initiated search and seizure action on a group in NCR, Bhopal, Indore and Goa.

More than 300 IT officials participated in the operation at about 52 locations in 4 States.

Searches in Madhya Pradesh have detected wide spread and well-organized
racket of collection of unaccounted cash of about Rs. 281 cr through various
persons in different walks of life including business, politics and public service. A part of the cash was also transferred to the headquarter of a major political party in Delhi including about Rs 20 cr which was moved through hawala recently to the headquarter of the political party from the residence of a senior functionary at Tughlak Road, New Delhi.

Meticulous records of collection and disbursement of cash in the form of hand written diaries, computer files and excel sheets found and seized corroborate the above findings.

Unaccounted cash of Rs 14.6 cr has been found so far, besides 252 bottles of Liquor, few arms and hide-skins of tiger.

The searches in Delhi in the group of a close relative of the senior functionary have further led to seizure of incriminating evidence including cash book recording unaccounted transactions of Rs 230 cr, siphoning off money through bogus billing of more than Rs. 242 cr and evidence of more than 80 companies in Tax havens.

Several unaccounted/Benami properties at posh locations in Delhi have also been detected.

Instances of violations of Model Code of Conduct are being brought to the notice of ECI.

(Y. D. Sharma)
Commissioner of Income Tax
(Media & Technical Policy)
Official Spokesperson, CBDT.