The Central Board of Direct Taxes (CBDT) clarified on Monday that the Income Tax Department is not carrying out any special drive to re-open cases on issues pertaining to HRA claims as has been reported in some sections of the media, triggering a scare among the taxpayers.
The account has an amount of Rs 4.80 crore at present. Rs one crore was withdrawn from the account this month.
“Till the matter is heard, we will not take recovery/coercive steps as elections are going on,” Solicitor General Tushar Mehta assured a bench of Justices B V Nagarathna and Augustine George Masih.
But the I-T could not recover any cash or jewellery so far from the residence of Swarup Biswas, whose wife is a Trinamul Congress councillor and a borough chairman of Kolkata’s civic body.
The Directorate of Income Tax has made several arrangements to keep a vigil on the movement of unaccounted cash, bullion & other valuables, likely/suspected to be used for electoral purposes, during the Model Code of Conduct within the NCT of Delhi.
The search operation has also brought out the modus operandi of purchase of the components for manufacturing of mobile handsets.
The search action covered more than 35 premises spread over Raipur, Korba, Bilaspur and Raigarh districts of Chhattisgarh on December 22.
These groups are engaged in the business of civil construction and land development.
The search operation revealed that these undisclosed entities in low tax overseas jurisdictions were holding assets worth Rs 40 crore in the form of immovable and movable assets.
As per an official release, the search action covered more than 20 premises spread over West Bengal and Odisha.
