New Delhi
The Income Tax Department said on Thursday it has raided 26 premises spread over Mumbai, Pune, Sangli, and Ratnagiri related to a cable operator and a state government employee in Maharashtra.
The raids were conducted on 8th March. As a result of the search action, cash of Rs 66 lakh has been seized. Digital data and documentary evidence seized during search operation is being further analysed and further investigations are in progress, according to a statement released by the Union Ministry of Finance.
During the search, it was found that a parcel of land at Dapoli was purchased by a prominent politician of Maharashtra in 2017 for a consideration of Rs 1 crore but it got registered in 2019. This land was subsequently sold to one of the persons covered in the search action in 2020 for a consideration of Rs 1.10 crore. In between, a resort was built on the same land from 2017 to 2020. By the time the parcel of land was registered in the name of the said politician, substantial construction of the resort was completed.
Later, the resort was almost complete when the property was sold by the politician to the cable operator in 2020. It transpires that the relevant facts about the construction of the resort were not intimated to the Registration authorities and accordingly, the stamp duty was paid only for the registration of the land on both the occasions i.e. in 2019 and in 2020.
