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Introduction The Income Tax department has taken a significant step by issuing a show-cause notice to N. Chandrababu Naidu, the former Chief Minister and Telugu Desam supremo. The notice is in response to allegations of undisclosed income amounting to Rs 118 crore, which is believed to have been received by Naidu as kickbacks from infrastructure firms. This article delves into the details of the notice and the events that led up to this development. The Show-Cause Notice The show-cause
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FAQ :
The Income Tax department alleges that Chandrababu Naidu received Rs 118 crore in undisclosed income, purportedly as kickbacks from infrastructure firms through bogus sub-contracts.
A show-cause notice is a formal document from a government department asking an individual to explain why legal proceedings should not be initiated against them.
The investigation began with a search operation on Manoj Vasudev Pardasany, who allegedly admitted to orchestrating fictitious contracts to siphon funds. Incriminating evidence like messages, chats, and Excel sheets were reportedly found.
Shapoorji Pallonji and Company Private Limited and L&T are mentioned as companies from which funds were allegedly siphoned off and channeled for Naidu's benefit.
The Income Tax department has calculated the total undisclosed income at Rs 118.98 crore for the financial year 2020-21.
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