Raid on 37 locations of hoteliers of Rajasthan: Income tax investigation starts at 6:30 am in home, hotel, office, cinema hall

The Income Tax Department has raided large business groups involved in jewellery, real estate, hotels, hospitals and construction in Jaipur and Kota. The team of Alok Kotawala and his close friends has started action at 33 places in Jaipur and 4 places in Kota at around 6.30 am. More than 200 police, staff and officers are involved. There is a possibility of disclosure of black money on a large scale. This action may go on for the next 2-3 days.

According to sources, hotelier Alok Kotawala’s Royal India Jewelery Manufacturing Company Pvt Ltd in Malviya Nagar, Jaipur, hotels being built in Malviya Nagar, his partner’s Hotel Ashish in Hathori and showroom Unique Arts on MI Road, an establishment near Ramniwas Bagh. Action is underway.

 

 Investigation is being done at several locations including Kotawala Market, Tripolia Bazar, Crops Market, Gardening and Horticulture – Central Orchids Pvt Ltd, residences, offices and showrooms. In Kota also, action is going on at places including Devashish City, Akash Cinema Hall.

 Action on information of black money and tax evasion

 Income Tax officials are busy scrutinizing the documents. The department was getting information for a long time that these business groups and partners were committing huge tax evasion. Many benami properties have been created by collecting big money from black money. The department had been receiving complaints of undeclared income and tax evasion from the business group for a long time. A large amount of black money is likely to be exposed in this raid. Along with the businessman, family members, managers, employees are being questioned. According to the information, after this the lockers will also be searched.

There was a raid even two months ago

 Earlier, on June 1, 2022, the Income Tax Department had seized cash worth Rs 3 crore by raiding 30 locations of hotel and real estate businessmen in Jaipur. More than two dozen teams raided four partners of Hyatt Regency on Mansarovar ISKCON road. On 22 March 2022, in Jaipur itself, several locations including Ravi Rawat, Ajay Rawat, Ram Mohan Rawat and their associates of Maliram Puran Mal Rawat group were raided at JLN Marg, Johri Bazar, MI Road. In the second week of February 2022 also, raids were conducted on jewellery, gems stone and hotelier Jagdish Tambi’s premises in Jaipur. In this, black money of 10 crores was exposed. Also, 2200 grams of gold was also seized.

45 crore undisclosed assets disclosed

 A week before this, Income Tax had raided the premises of stone and mining dealers. Undisclosed assets worth about Rs 45 crore were revealed in the raids. On 23 November 2021, in raids at 50 locations of a jewelery firm, benami assets worth Rs 500 crore, cash of Rs 4 crore and jewelery worth Rs 9 crore were recovered. In the current financial year 2022-23, several big business groups may be subject to raids by income tax. According to the information, the department has prepared a list of more than a dozen businessmen. Out of these, the teams of the department have also done the verification of the locations of 5 businessmen.

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