IT Deptt conducts surveys in premises of fish wholesaler, prominent doctor

Police deployed outside the establishment of a fish wholesaler in Gummat area of Jammu during IT survey on Wednesday. —Excelsior/Rakesh
Police deployed outside the establishment of a fish wholesaler in Gummat area of Jammu during IT survey on Wednesday. —Excelsior/Rakesh

Rajouri businessman pays Rs 50 lakh tax after action
Investment of undisclosed income in real estate detected

Mohinder Verma
JAMMU, Nov 14: Shifting its focus on unorganized sector, the Income Tax Department J&K Circle today carried out surveys in the premises of a fish wholesaler and a prominent doctor and laid hands on several documents establishing huge evasion of tax. Moreover, a businessman of Rajouri town has paid Rs 50 lakh tax after IT sleuths tightened noose around him on the basis of incriminating documents seized during the recent action.
Reliable sources told EXCELSIOR that on the basis of credible information gathered during discreet inquiry the sleuths of Income Tax Department carried out surveys in the business establishments under the name and style of Honey Fish Company and King Fish Company at Gummat.
The surveys which started this morning continued till late evening with taxmen laying hands on several documents highlighting suppression of exact income by the owner of these establishments namely Vikas Mahajan.
“The owner has also floated several small firms on the name of family members with the sole objective of evading income tax”, sources said, adding “during the surveys it came to the fore that Vikas Mahajan has made huge investment of concealed income in New Swastik Hotel which he has constructed in Gummat area”.
Moreover, during preliminary scrutiny of the impounded documents investment of concealed income in the real estate and chit fund companies also came to the notice of the taxmen, sources further said, adding “the exact evasion of tax will come to the fore only after detailed scrutiny of the impounded documents by the Income Tax Department in next some days”.
Simultaneous survey was also conducted in the clinic of prominent eye specialist Dr Dinesh Malhotra at Sarwal. “The doctor, who is the resident of Trikuta Nagar, has also concealed his exact income by showing more expenditure in comparison to the receipts”, sources informed.
A number of documents relating to income of the doctor were also impounded by the IT sleuths during the several hours long survey.
Meanwhile, one Vikas Mahajan, owner of readymade garments store in Rajouri town, has paid Rs 50 lakh income tax after the taxmen tightened noose around him on the basis of documents impounded from his establishment during a recent survey.
It is pertinent to mention here that on November 1, 2018, the IT Department carried out survey in the readymade garments store on the basis of information relating to evasion of tax gathered from credible sources.
“Initially, the businessman denied having indulged in tax evasion but when confronted on the basis of impounded documents he left with no other option but to pay Rs 50 lakh tax”, sources said, adding “the businessman was investing the money generated through unaccounted sale and purchase in the real estate business”.
It was for the first time that any survey was conducted by the Income Tax sleuths in Rajouri town and the same yielded desirable result.
“These surveys are clear indications that the Income Tax Department has now started focusing on unorganized sector”, they said while disclosing that over a period of time this sector has become major violator of the Income Tax Act.
“Till recent past this sector largely remained out of the focus of the taxmen but the inputs being received after regular intervals have clearly established that unorganized sector was depriving Income Tax Department of huge money in the shape of due tax”, sources further said while dropping enough hints about more surveys not only in Jammu but in other districts also.