The photo has been used for symbolic representation. Awakening
Jagran correspondent, Gorakhpur. The search operation carried out by the Income Tax Department for the last five days was completed on Saturday. After completing the team investigation at all the six places, the Income Tax Department team returned on Saturday.
In this search operation conducted by various teams of the department at the residences and establishments of six big business groups, it is claimed to have gathered strong evidence of undisclosed income and financial irregularities worth Rs 500 crore.
At the same time, the team has already seized about Rs 72 lakh in cash, jewelery and documents. According to sources, this search operation can be formally completed by Sunday. Major irregularities in real estate, edible oil and liquor business. The focus of this action of the Income Tax Department has been the groups related to real estate, edible oil and liquor business. During the investigation, maximum irregularities were found in these three areas. There are reports of evidence of undisclosed cash transactions and low rates in the real estate sector. At the same time, there is a possibility of hiding profits worth crores of rupees by manipulating the bills in the edible oil and liquor business. Bundle of evidence: More than 10 thousand pages of documents. Considering the comprehensiveness of the investigation, Income Tax Department teams have seized more than 10 thousand pages of documents in five days and got them photocopied. Authorities have recovered suspicious ledgers, diaries and digital data from the establishments. These documents are expected to contain details of undisclosed transactions and investments. Many teams of the department are thoroughly investigating these documents.
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Notices will be issued to businessmen soon. After the search operation is over, the Income Tax Department is preparing to issue show cause notices to the concerned businessmen on the basis of these seized evidence. Through these notices, answers will be sought from traders regarding the sources of their undisclosed income and assets. If traders fail to provide satisfactory explanations, the department is likely to impose heavy penalties and take legal action. This action has also created a stir among other big businessmen, as the department is still keeping an eye on some more suspicious groups. Detailed information can be shared officially by the department after today's action is completed.