Key Points
The Income Tax department during a search on the premises of a business group in north Bengal, recently, seized unaccounted cash of 1.73 crore along with unaccounted jewellery worth .1 crore...
The group is engaged in a variety of businesses ranging from production and sale of edible rice bran oil, mustard oil, De-Oiled Rice Bran [DORB], different types of chemicals and real estate, etc., a press statement by the Ministry of Finance said on May 16.. Earlier this month raids were held at the residence and other premises of KrishnaKalyani who hadwon the 2021 Assembly election on a BJP ticket..
Along with searches at Mr.Kalyanishouse at Raiganj in Uttar Dinajpur district, raids were held at premises linked to his business partner in Malda district...
A total of 23 premises spread over Uttar Dinajpur, Dakshin Dinajpur, Malda, Kolkata, Siliguri in West Bengal and Guwahati in Assam and surrounding areas were covered.The search action revealed that the group was suppressing its yield and making unaccounted cash sales of edible oils and DORB..
As far as search on the business associate of the group, a leading exporter of agro products in Malda district of north Bengal, the I-T department said that incriminating documents against cash payments over land acquisition to the tune of 17 crore (approx.) have been found as well as details pertaining to unaccounted cash receipts of about 100 crore...
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