Income Tax

Income Tax Department conducts searches in Bhopal

Income Tax Department conducts searches in Bhopal

Government of India
Department of Revenue
Ministry of Finance
Central Board of Direct Taxes
 
New Delhi, 21st August, 2020

Income Tax Department conducts searches in Bhopal

PRESS RELEASE
 
The Income Tax Department carried out a search and seizure operation on 20.08.2020 at various locations in Bhopal.
 
The key person of one of the groups covered used to run a bangles shop. Another person covered is a property builder/developer and is also running a cricket academy. During the course of the search operation, documents pertaining to about 100 properties in the nature of plots, flats and agricultural lands having market value of about Rs. 105 crore have been found. Documents indicate that a huge amount of undisclosed cash was invested in these properties in the last 6 years. Most of the properties have been found in the names of persons of no means, indicating that these are benami properties. During the search, cash and jewellery worth Rs. 1.8 crore have been seized.
 
Further, documentary evidence gathered during the search operation indicates partnership/association with some retired government servants and holding of their benami properties. Investigations are still in progress.
 
(Surabhi Ahluwalia)
Commissioner of Income Tax
(Media & Technical Policy)
Official Spokesperson, CBDT
Share
Leave a Comment

Recent Posts

  • Income Tax

FAQs on Foreign Assets of Small Taxpayers Disclosure Scheme and Rule 2026

Frequently asked Questions on Foreign Assets of Small Taxpayers Disclosure Scheme and Rule 2026.  CBDT has released a FAQs on…

8 hours ago
  • Income Tax

Foreign Assets of Small Taxpayers- Disclosure Scheme Rules 2026 notified

Foreign Assets of Small Taxpayers- Disclosure Scheme Rules 2026 notified. Rule come into force on the 16th day of August,…

9 hours ago
  • GST

Order u/s 69 of the CGST Act has to be communicated before arrest of person concerned– SC

Order u/s 69 of the CGST Act authorising arrest of a person has to be communicated to him before arrest–…

3 days ago
  • Income Tax

Refund can not be denied on the ground that it was claimed in a return filed u/s 148 – ITAT

Refund can not be denied on the ground that it was claimed in a return filed u/s 148 where no…

4 days ago
  • Income Tax

Distinction between religious & charitable purposes is determined by institution’s primary or dominant object

The distinction between religious and charitable purposes is determined by institution's primary or dominant object and not merely by presence…

4 days ago
  • Income Tax

Fit case to issue notice u/s 148 – Relevancy of material & application of mind to objections important

For determination of what constitutes a fit case to issue notice u/s 148, rule of relevancy of the material and…

5 days ago