CBDT clarifies raid on the cost accountant of TDP MP Shri Galla Jayadaev

CBDT clarifies raid on the cost accountant of TDP MP

CBDT in a Press release has stated that the Income Tax Department had conducted search on 9th April, 2019 in Vijaywada at the premises of Sri Gurappa Naidu, a cost accountant.

It is stated that the raid was conducted on the basis of an information received on toll-free-number that cash was kept at the residence of Shri Gurappa Naidu which was to be used in General Election.

The CBDT has stated that no premise of the MP candidate Sri Galla Jayadaev was searched. It was only at the time of recording his statement late in the night that he revealed that he was giving services to Shri Galla Jayadaev, MP, TDP also in his capacity as a cost accountant.

As per the press release, during the course of search, cash of Rs. 45.4 Lakhs was seized being unexplained.

The person searched, Sri Gurappa Naidu is a retired person who is practicing free lance cost accountancy.

CBDT specifically stated that no other premise except the residence of Sri Naidu was searched. 

As per media report, Sri Galla Jayadaev, who is contesting the Lok Sabha polls on Telugu Desam Party (TDP) ticket, had protested the raids. 

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