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Income Tax dept raids prominent organisation head in Kashmir
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Income Tax dept raids prominent organisation head in Kashmir
Feb 27, 2019 10:52 AM

The Income Tax (I-T) department conducted searches on Wednesday at several premises belonging to the head of a prominent organisation allegedly indulging in anti-national activities along with his associates.

The search operation was conducted at four premises in the Kashmir Valley and three in the national capital.

According to the I-T department press note, each action has yielded credible evidence of large scale undisclosed financial transactions carried out in the business of quarrying, hotels etc.

The note also stated that clinching evidence was also unearthed of huge unaccounted expenditure having been incurred in cash on the reconstruction and remodelling of the residential premises presently being used by the tax evader’s family.

“Despite carrying out large scale financial transactions, neither the main protagonist nor any member of his family has ever filed any income tax return. The evidence found in search action is robust enough to show a deliberate and willful attempt to evade tax,” the note said.

The searches also resulted in the seizure of three hard discs, "The analysis of the information contained in the discs is likely to yield even more substantial evidence against the tax evader and his associates."

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