IT dept raids on Bengaluru liquor company leads to over Rs 870-cr blackmoney
New Delhi, Feb 11: The Income Tax Department has detected undisclosed income of over Rs 870 crore after it raided a "major" Bengaluru-based liquor manufacturing group, the CBDT said on Thursday.
The searches were carried out on February 9 at 26 locations across the country.
"In all, the search and seizure action has resulted in the detection of total undisclosed income of Rs 878.82 crore," a statement issued by the Central Board of Direct Taxes (CBDT) said.
"This group has a huge land bank which is being developed into residential and commercial properties with a builder based in Bengaluru," it said.
"The searches have resulted in detecting incriminating evidences relating to concealment of income of more than Rs 692.82 crore on account of joint development projects with a major builder based in Bengaluru," it said.
The group companies have "fraudulently" claimed expenses amounting to Rs 86 crore.
"In respect of their liquor business, unaccounted sales amounting to Rs 74 crore have been detected from one of their liquor manufacturing plants based in Kerala. The group companies have also claimed bogus expenses of Rs 17 crore in their business entities," it said.
The directors of the group have incurred unexplained expenditure of Rs 9 crore attracting the provisions of Section 69C (when expenditure is deemed to be the income of the assessee, no allowance of the same can be claimed as business expenditure) of the Income-tax Act, it claimed.
"There are large number of investments made in benami properties in the names of their employees and associates for several years," the statement said.
The CBDT said a total of 35 "suspected benami properties" in the names of the relatives of the promoters of the group and associates, valued at more than Rs 150 crore, have been identified.
There are also evidences of foreign assets in the name of a director of the group company, it added.
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Car driver alleges assault by auto drivers after minor road incident in Bengaluru
Bengaluru (PTI): In a suspected case of road rage, a car driver was allegedly chased and assaulted by two autorickshaw drivers following a minor road incident on Sarjapur Road here, police said on Monday.
The incident occurred on March 25 around 8.20 pm when Shriraj Bhardwaj, a native of Ajmer in Rajasthan, and his colleague were driving on Sarjapur Road and allegedly encountered an autorickshaw coming from the wrong side of the road, they said.
The victim later lodged an online complaint regarding the incident on March 26.
A senior police officer said that in this connection, a Non-Cognisable Report (NCR) has already been registered at the Bellandur Police Station and further investigation into the matter is underway.
Registration of NCR means the complaint has been noted in the station diary, but a formal FIR and investigation will require further legal steps or magistrate approval, police said.
Following the incident, Bhardwaj took to 'X', recalling the episode and claiming that it began with a negligible touch between the vehicles that caused no damage.
"What followed was not an argument, it was a chase. The auto driver started aggressively chasing us, trying to block our car multiple times in moving traffic, hitting the vehicle, and attempting to open the doors. We chose not to engage and instead tried to reach a safe place," he alleged.
According to him, the situation escalated when another autorickshaw joined the chase. Together, they allegedly blocked their path near Sarjapur Bridge, and one of them picked up a concrete stone and smashed the windshield of his car while they were still inside.
"We somehow managed to reach RGA Tech Park, thinking a gated office space would mean safety. It didn't. Both drivers followed us inside. Before I could even step out of the car, I was physically assaulted, repeatedly hit in the face, leaving me injured," he alleged.
"Only after things calmed down did the main accused flee. When the police arrived, the second driver apologised in front of them," Bhardwaj further alleged.
He said that following the incident, he has made up his mind to leave Bengaluru and never return.
Bellandur police said they have registered a non-cognisable report and traced the autorickshaw driver.
"The complainant is yet to record his statement for further action. We have been trying to contact him but he informed us that he is out of state. Further inquiry into the matter is underway," the officer said.
The auto driver, however, has alleged that his vehicle was damaged and that he was asking them to stop the car to resolve the issue, but they did not stop, which led to the incident.
