Tax evasion of 14 cr unearthed Tax evasion of 14 cr unearthed Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« Top Headlines »

Open DEMAT Account in 24 hrs
Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief
ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know
Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose
CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27
CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details
Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window
Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do
Tax audit deadline September 30: Common mistakes taxpayers should avoid
Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck
Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money
ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR


« Supreme Court admits excise plea...	Budget 2009: No major tax changes? ... »
Tax evasion of 14 cr unearthed

June, 20th 2009
Income tax sleuths on Friday detected tax evasion worth around Rs 14 crore from five developers-cum-real estate agents of Mohali. This is considered to be the biggest detection made by the department during the current financial year. I-T men expect the figure to go up further after scrutiny of account books and computers impounded during surveys carried out on Thursday and Friday. Inspecting teams comprised around 25 I-T officers and subordinate staff, who carried out inspections on office premises of five real estate developers. Preliminary investigation revealed that among those who allegedly evaded tax include Parveen Kaushal and Mohit Ghavri of Modage Housing Development Corporation Pvt Limited, and the rest were identified as Harvinder Pal Singh, Preet Inder Singh and Jatinder Singh Virk. The default concerns payments worth around Rs 30 crore made to these developers by the Emaar MGF group for purchase of land stocks in Mohali and Kharar during the year 2005-06.