IT Department conducts searches at 12 different premises located in Haryana

Last updated: 17 April 2021

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The Income Tax Department has conducted searches at 12 locations across Haryana, targeting a group involved in real estate, hospitality, and liquor trading. The investigation was prompted by non-compliance with faceless scrutiny assessment notices. Evidence suggests the misuse of SC/ST quotas for liquor licenses, bogus expense claims totalling around Rs 100 crore, and tax evasion estimated at over Rs 36 crore through an affordable housing scheme. The group is also suspected of laundering unaccounted income and making benami property investments.

The Income Tax Department carried out search on 17.03.2021 on a group engaged in the business of real estate, housing, hospitality and retail liquor trade. The search operation was carried out at 12 different premises located in Samalkha, Gurugram, Rohtak and Panchkula. The search action emanated due to non-compliance to faceless scrutiny assessment notices selected and issued through a computerised system. Notices under the Faceless Assessment Scheme sent to certain assessees were consistent

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FAQ :

The searches were conducted due to non-compliance with faceless scrutiny assessment notices and evidence of tax evasion, bogus expenses, and misuse of housing schemes.

The targeted group is engaged in the business of real estate, housing, hospitality, and retail liquor trade.

The search operations took place at 12 different premises located in Samalkha, Gurugram, Rohtak, and Panchkula in Haryana.

Allegations include bogus booking of flats in an affordable housing scheme with unaccounted cash premiums, claiming bogus expenses for building materials and business promotion, and routing unaccounted income through a shell company.

The tax evasion is estimated to be not less than Rs. 36 crore, with further investigations ongoing into other alleged financial irregularities.

Suitable action will be taken under the Benami Prohibition Act, and further investigations are in progress to establish the money trail and real ownership.

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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