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Income Tax Department carries out searches in Srinagar and Kupwara

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The Income Tax Department has carried out simultaneous search and seizure operations on 2 September in the case of three prominent businessmen in Srinagar and Kupwara. These operations have, prima facie, led to the detection of huge amount of undisclosed income, seizure of unaccounted assets and incriminating evidence and involvement in Benami transactions by these three groups.

The search action revealed that the key person of one of the groups, although engaged in Cross-LOC trade until the suspension of trade by the Government in April 2019, has not filed his Income Tax Returns. He was also found to be having two active PANs.

His proprietory concern has made exports of over Rs 25 crore in the last few years. However, no income tax has been paid at all. Incriminating documents related to the LoC trade have been seized from the Custodian of cross-LOC trade, indicating large-scale tax evasion. There are also evidences of unexplained expenditure on the education of his daughter in Pakistan.

In another case, the key person and his brother were engaged in Cross-LOC trade until the suspension of trade by the Government. He had made total exports of  Rs 3 crore in the last two years, while he had filed his Income Tax Return for only one year and that too, showing meagre receipts.

The Income Tax Return filed also does not match with the credits in multiple bank accounts which run into crores of rupees. Further, evidences showing illegal trade in violation of suspension of cross LoC trade have been seized. The passport of the assessee reveals that he had travelled to Pakistan for 20-25 days every calendar year since 2017 and the source of expenditure on this account is prima-facie unexplained.

In yet another case, it was seen that the group was engaged in Cross- LOC trade of vegetables and fruits. In this case, unaccounted cash of Rs. 15 lakh has been seized. The group is having multiple concerns. However, transactions of these concerns have not been reflected in their Income Tax Returns.

In the case of a person of this group, who is a non-filer, documents pertaining to the unaccounted business transactions of about Rs.10 crore have been seized. In another case of a firm, one of the partners in the firm has admitted that his name was only being used, though he was not involved in any activity of the firm. The matter is being examined from the angle of Benami transactions. A locker has also been found which is yet to be searched and has been placed under restraint.

Further investigations are going on.

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6 states show Covid surge; India’s total cases touch 1.11 crore

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Maharashtra, Kerala, Punjab, Karnataka, Tamil Nadu and Gujarat have shown a surge in new Covid-19 cases contributing to 87.25 per cent of 15,510 fresh infections reported in a day, pushing India’s tally to 1,11,12,241 on Monday, while 106 fatalities mounted the death toll to 1,57,157 the Union Health Ministry said.

India’s total number of active Covid-19 cases was recorded at1,68,627, comprising 1.52 per cent of the total infections, the ministry said highlighting five states that account for 84 per cent of the total active cases in the country.

Maharashtra alone accounts for 46.39 per cent of India’s total active cases, followed by Kerala with 29.49 per cent.

The positivity rate too has been rising gradually, pushing it to 1.52 per cent. As per the Ministry’s data, there are 1,68,627 active cases at present after 11,288 patients were discharged in a day.

The experts have expressed a number of possibilities which could be due to lax attitude of people towards following Covid protocols to “mutations and new strains” causing the surge, sources in the health ministry said.

This trend is alarming as in mid February the average daily new infections oscillated between 9,000 to 12,000 while the deaths were between 78 to 120.

Delhi adds 175 cases, 1 death:Delhi today recorded 175 new coronavirus infections and one fatality, even as the positivity rate rose to 0.44 per cent, according to the Delhi government’s latest health bulletin. The city’s Covid toll climbed to 10,911, the health bulletin said.

The new cases took its coronavirus infection tally to 6,39,464. These cases came out of 39,733 tests conducted the previous day.

The active Covid cases in the national capital rose to 1,404 from 1,335 the previous day, according to the bulletin.

source: The Statesman

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SUV with 20 gelatin sticks found dumped near Mukesh Ambani’s house

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In a shocking development, an SUV filled with at least 20 gelatin sticks was found abandoned outside Antilia, the lavish multi-storied home of billionaire industrialist Mukesh Ambani, here on Thursday evening, officials said.

“A Scorpio vehicle with 20 gelatin sticks was found near Mukesh Ambani’s Mumbai residence. The Crime Branch of the Mumbai Police is investigating the entire matter and the truth will emerge soon,” Maharashtra Home Minister Anil Deshmukh said late on Thursday evening.

Late in the night, Mumbai Police spokesperson DCP S. Chaitanya said that a letter has been found inside the vehicle, but declined to reveal its content.

“The registration number displayed on the said vehicle (SUV) matches with the registration number of a vehicle in Mukesh Ambani’s security detail. The SUV has been seized by the police for investigation,” Chaitanya said.

The SUV was noticed at around 3 p.m. after which some people from the vicinity alerted the local police, who rushed to the spot and cordoned off the entire area, sending the state government and the police into a tizzy.

Top police officers, including Joint Commissioner of Police Vishwas Nangre-Patil, a team of explosives experts, sniffer dog squad, bomb detection and disposal squad and others rushed to the spot and inspected the SUV in which the gelatin sticks were kept.

Minister of State for Home, Shambhuraj Desai, told mediapersons that he has instructed the top police officers to probe the matter thoroughly and ensure that the culprits are brought to book.

Desai added that if required, the government would consider other measures, including enhancing the security at the Antilia building and also around the Ambani family, even as the entire locality was brought under a high alert.

CCTV footages of the area revealed that the SUV with a couple of unidentified persons in it was driven and parked beside a tree on the Carmichael Road at around 1 a.m.

The suspicious persons seemed to have fled after deserting the SUV there, but strangely, it was noticed only after another 12 hours.

Chaitanya said that the gelatin sticks recovered in the SUV were “not an assembled explosive device” but details of the risks they posed would be known only after a thorough probe.

Efforts are on to trace the persons who parked the vehicle there, from where they came, what were their diabolic motives, who or what were the exact targets etc., officials said.

Antilia and the south Mumbai neighbourhood house the who’s who of the Indian corporate world, top politicians, official or private residences of various bigwigs, government officials, diplomats, people from the glamour industry and others.

source: The Statesman

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U’khand: 136 missing ‘presumed dead’

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The Indo-Tibetan Border Police, SDRF and other sister organisations on Tuesday launched an operation at the artificial lake, which was formed after the recent flash flood-triggered landslide blocked flow of the Rishiganga river, in Chamoli. To increase the volume of water at the Rishiganga near Muranda, the team removed tree trunks that were blocking the flow.

The artificial lake continues to be a hot topic of debate among scientists and administrators and an object of fear among locals. A team of ITBP, SDRF and other agencies are presently camping at the lake site. The administration is on alert after the Indian Meteorological Department forecast for light rainfall on 24, 25 and 26 February and moderate rainfall at Tapovan area on 27 February.

Meanwhile, the Uttarakhand government has issued a notification authorising officials to declare “presumed dead” 136 people still missing after the flash flood in Chamoli district over two weeks ago. Sixty-eight bodies have so far been recovered after the February 7 disaster possibly triggered by an avalanche.

~With inputs from PTI~

source: The Statesman

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