Income Tax Raid in Indore: The Income Tax Investigation Wing teams started the investigation from Tuesday morning at 25 locations of Sky Earth and Highlink Buildcon Group. Till Wednesday evening, the officials of the Income Tax Department have got the account of suspicious transactions worth 29 crores. This includes cash of Rs 5 crore. Eight costly watches have also been recovered by the Income Tax officials from the premises of real estate businessmen. Income Tax has to take the help of expert valuers to assess the value of watches.

Neeraj Sachdeva, along with Sagar Chawla, Nimmi Chawla and Govind Chawla, who are directors in the Sky Earth group, are also under investigation, while the teams of the department are investigating the locations of Kailash Kusumakar, Virendra Gupta and their families, who are associated with the High Link Group. Have been Some brokers, including Sanjay Kasliwal, Ramesh Khemani, associated with both these groups have also come under the scanner. The Income Tax’s Investigation Wing also raided the locations of four brokers.

On Wednesday, 150 officials of the department kept checking the partners of Highlink Group along with the main office of Sky Earth Group at Satyasai Crossroads at the bases in the airport area. The investigation focused on gathering evidence of undisclosed income. Income Tax officials seized computers, laptops, mobiles and documents at all the locations.

During this, the department also received some pen drives, currency notes pasted on the agreement. Their investigation proved that the builder-developer was taking lakhs of rupees in cash for selling plots, flats and commercial cells. Land and property were being sold for cash. Along with this, payment was also being made in cash against the purchase of land from the farmers. The entry of about Rs 10 crore made to the farmers has come into the hands of the department.

Apart from the account of transactions worth Rs 10 crore, the department has also recovered hundi receipts worth Rs 14 crore from different places. The Investigation Wing is going to increase the scope of investigation on the basis of payment made for the land in hundi and cash. After identifying the farmers who accepted cash payment, the department has started checking their income tax returns of the past years. Actually farmers are exempted from tax on agricultural income, but have to pay full tax on income earned from sale of land or other means. In such a situation, now notices are also being given to the farmers who sell their land by taking payment in cash. The department is also engaged in identifying those who give money on hundi.

Information has been received that a total of nine banks have been brought and operated from the places of businessmen. By writing a letter to the banks, the process of opening them has been started by bringing them in the presence of the officers of the department. After the opening of the locker, the Income Tax Department is also expecting to get gold-silver and documents related to land on a large scale on Thursday.