I-T survey on major business premises in Capital

Source: The Hitavada      Date: 31 Aug 2018 11:35:37



The Hitavada State Bureau


SLEUTHS from Investigation Wing of Income Tax Department on Thursday mounted a major survey operation on two business premises of a major businessman in the capital. The swoop came following a whopping cash seizure to the tune of Rs 87.50 lakh by Mahasamund Police from the possession of three Odisha-based traders in Saraipali.

The unaccounted cash being transported by a premium Sports Utility Vehicle (SUV) was seized by Singhoda police personnel during a routine checking of suspected vehicles and subsequently, the Income Tax Department was alerted.

Confirming the survey by I-T sleuths, Alok Johri, Principal Director (Investigation, Madhya Pradesh-Chhattisgarh), told ‘The Hitavada, “A survey operation was launched following the seizure of the cash by Mahasamund police. The survey is under way on two different premises and quantification would be ascertained only once our team of enforcers led by Joint Director (JDI) Siddhartha B S Meena returns.” Johri is presently overseeing the entire operation.
When asked if the I-T team was also assisted by State GST Department in the survey operations, Johri said he was awaiting for inputs from his team members in the field.
Meanwhile, reliable sources informed this newspaper that the survey might be converted into a full-fledged search given the extent of its operation at present and the complexities involved in unearthing a major ‘Hawala’ racket operating from a posh residential colony in Raipur.

“The survey operations, which concurrently commenced on Wednesday noon, are under way at two premises in Raipur. The first premises being covered by the tax watchdogs is the plant premises of Maa Kudargarhi Steel Private Limited, situated at Sarora village in Urla Industrial Area of the city, whereas another premises is a one-room office (No-113) situated at a four-storied building, Samta Arcade in post Samta Colony,” sources maintained.

Sources also said that the cash recovered by Singhoda Police in Saraipali was meant to be delivered to a local steel trader of Samta Colony.

“The tax sleuths during the survey inside the one-room office (No-113) at Samta Arcade found a note-counting machine and very few documents inside. The intercepted-cash, which is still in the possession of Singhoda Police, was meant for ‘Hawala’ transaction,” sources added.

Highly-placed sources from the State GST Department revealed that the Maa Kudargarhi Steel Private Limited procures raw material through illegal bills (Kachcha Bill). It is in violation of rules and a clear case of GST evasion, sources said. Though top I-T officials refused to divulge the details of the seizure, they affirmed that the operation might continue for another day or two.