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 Tax and transparencya

Tax sleuths recover Rs 13L
September, 15th 2009

Sending a message of tough time ahead for medicos and pharma units that evade tax liabilities, Income Tax (IT) sleuths on Monday carried out surveys at the Sector 20-based clinic treating infertility besides three premises of a company and its associates.

Claiming to have recovered Rs 13 lakh cash from the clinic run by Dr Umesh Jindal, the taxmen are learned to have laid hand on related documents and investigations are on.

Meanwhile, the pharma unit and its business associates targeted by the I-T men were identified as Saurav Chemicals Limited having its office in Manimajra and its sister concerns - Pooja Chemicals, Dhruv Chemicals and Bhuvan Chemicals - having units at Derabassi, Panchkula and Chandigarh.

Enquiries revealed that the I-T sleuths started their operations at around 1.30 pm and were at their jobs till the filing of this report.

Notably, this is the third such major survey carried out by the office of Commissioner of Income Tax (CI-T). Earlier, CI-T II had detected tax evasion worth about Rs 7 crore by the builders who allegedly failed to deposit tax on the capitals.

This was besides the surveys carried out on the pharmaceutical companies who alleged evaded tax liabilities under the garb of tax free zones at Baddi.

 
 
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