Rajasthan’s largest income tax is still on the ride in the capital. The secret tunnel of the Silver Tunnel Group has ample evidence of many Benami properties. Currently, the officials of the Income Tax Department are busy decoding the code, which has a lot of details about the transaction in the code word, along with documents and antiquities. When all these details are decoded, crores of Benami property and transaction tax will be revealed without payment.
Let me tell you, there have been a large number of undisclosed income records in the income tax attack of jewelers and two real estate dealers in the capital. After the completion of the raid on three businessmen, the undisclosed income figure is estimated to cross Rs 2,000 crore after the completion of the investigation. Silver Art Group, which came under discussion after a secret tunnel was discovered in the attack, is now under the scanner of 4 investigative agencies.
Now, with the possibility of escaping the state GST, the Commerce Tax Department is also preparing to launch an investigation soon. It is said that there are several Benami property records in the Jewelers Group. Based on these documents, the Income Tax Department reserves the right to confiscate benami or illicit property under the Money Laundering Act (PMLA).
Revenue of more than 2000 crores may be disclosed
Besides the Silver Group in the capital, two other groups (Chaudhrya Group and Gokul Kripa Builders) were also attacked by the Income Tax Department teams. Undisclosed income in the income tax regime of all three groups could exceed Rs 2000 crore.
According to reports, the Income Tax Department has not yet opened the lockers of Silver Art Group. These lockers contain a large number of jewelry and investment documents. There may be several disclosures after the lockers are opened and an undisclosed income figure may increase.
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