Amid the run-up to the Assembly election, the investigation wing of the Income Tax Department was active in revealing tax evasion and seizure of cash. In the surveys conducted in Magha Nagar (Jhabua district) and Dewas on Sunday and Monday, crores of rupee cash loan dealings were revealed.
This was the first action of the department in the tribal-dominated area Megh Nagar, which is adjacent to Gujarat border. The Wing officers had started the survey action at business locations of a transporter in Megh Nagar since Sunday, which concluded on Monday. The action was carried out by 7 officers.Official sources informed that they seized hard cash to the tune of Rs 28.5 lakh. At the end of the action, the owner of the firm accepted tax evasion of Rs 4.6 crore.
The second survey action was carried out at business locations of a grain merchant in Dewas. Sources said beside grain business, the merchants were involved in large-scale cash loan dealing estimated to be around Rs 10 crore. The survey action has been concluded and the tax officers are ascertaining the amount of tax evasion.