The head of a prominent organisation allegedly indulging in anti-national activities (terror) along with his associates were covered in a sensitive search action by the Income Tax Department today. Search action has been conducted at 4 premises in the Kashmir Valley and 3 in the national capital.
The search action has yielded credible evidence of large scale undisclosed financial transactions carried out in the business of quarrying, hotels etc. During the search, clinching evidence was also unearthed of huge unaccounted expenditure having been incurred in cash on the reconstruction and remodeling of the residential premises presently being used by the tax evader’s family.
Despite carrying out large scale financial transactions, neither the main protagonist nor any member of his family has ever filed any income tax return. The evidence found in search action is robust enough to show a deliberate and willful attempt to evade tax.