The income tax raids conducted at tent traders and event company traders in Jaipur ended on Sunday night. Income tax officials have found Rs 9.65 crore in cash during the search. Also, 12.61 kg of gold and silver jewellery has been seized. Their total value is Rs 10.25 crore.
The income tax team conducted searches at several locations of Taluka Tent House, Jai Oberoi Caterers, Mapsor, Bhavana Charan, Anand Khandelwal in Jaipur. In this, the collusion of resorts, hotel operators, wedding planners, event management companies, caterers, florists has come to the fore.
The investigation of the Income Tax Department revealed that all these companies providing various services in luxury weddings and destination weddings were not paying GST. They are completely involved in income tax evasion. Due to this, raids were conducted at 22 locations of traders associated with tent houses, event companies, catering, decoration at 7:30 am on Thursday. Evidence of tax evasion has been found everywhere.
Income tax raids were completed on 16 locations on Sunday. Income tax department officials remained present till late Sunday night at two locations of Rajkumar Taluka, operator of Taluka Tent House Group, two locations of Mukesh Sharma, Akhilesh Sharma, Pritesh Sharma of Mapsor Experiential Wedding and two locations of Anand Khandelwal of Indian Wedding Planner.
Crypto currency account also found
According to sources, income tax officials have also found a crypto currency account during the raid. The taxpayer related to this refused to give the password of the cryptocurrency account. On this, the officials have ordered the agency operating the account to freeze this account. This is the first time in the Income Tax raid action in Rajasthan, when the officials have succeeded in catching a cryptocurrency account of a taxpayer.
Cash worth Rs 9.65 crore has been seized in the Income Tax raid. Similarly, departmental officials have seized jewelry worth 12.61 kg so far. Their value is said to be Rs 10.25 crore.
According to sources, these people were also defrauding the government of GST and income tax by undervaluing the services. In many cases, the billing amount is shown to be only 25 percent of the fixed amount. The remaining amount is paid in cash. Fake accounts were also used to spend and withdraw cash from the banking channel.