New Delhi : The Income Tax department is investigating a clothing company owned by a top RSS leader in Delhi for alleged cash deposits of Rs 17 crore in scrapped notes of Rs 500 and Rs 1,000 after the demonetisation policy was announced on November 8, 2016.
According to Indian Express report, the managing director of the firm is being investigated, Ahujasons Shawlwale Private Ltd, is Kulbhushan Ahuja, the Delhi Prant Sanghchalak or Delhi state head of the RSS. According to company records, the firm has three other directors: Ahuja’s sons Bhuvan and Karan, and daughter-in-law Nidhi.
According to sources, the firm has allegedly surrendered Rs 6 crore of these deposits under the Pradhan Mantri Garib Kalyan Yojana (PMGKY), a voluntary disclosure scheme launched last December for those with unexplained cash deposits following demonetisation.
Ahujasons Shawlwale Private Ltd, a leading name in Pashmina shawls, has showrooms at Karol Bagh, Khan Market and South Extension in the capital. Hailing from a family of RSS workers, Ahuja joined the Sangh early in his childhood, said sources in the organisation.
Sources said that officials conducted an extensive search operation under Section 132 of the I-T Act at the residence and showrooms of Ahuja in Delhi on February 22, based on inputs from an internal wing of the tax department, which generates computerised data about suspicious deposits in bank accounts and hands it over to field officers.
According to sources, tax officials found that the company had allegedly “forged back-dated bills to create bogus sales” and justify the cash deposits. The department also seized cash in new currency during the search and later recorded statements of the company’s top management, said sources.
“The department is yet to examine the contents of various lockers, some of which are still sealed,” said sources. Last Friday, I-T officials examined some of the company’s lockers at the Karol Bagh branch of Axis Bank.
Following the searches and investigation, company sources said, the company agreed to surrender a part of the Rs 17 crore — Rs 6 crore — under PMGKY.
Under the scheme, an individual who declares undisclosed income has to pay 30 per cent of the amount as tax, a cess of 33 per cent on the tax paid and 10 per cent penalty, which adds up to around 50 per cent of the income. Besides, 25 per cent of the income is deposited under the scheme with a lock-in period of four years at zero interest rate.
Sources : Indian Express