SURAT:
The income-tax department on Saturday recovered unaccounted income to
the tune of Rs 24 crore from two real estate developers — one is the son
of an MLA from the city.
Official sources said the I-T sleuths from range-9 carried out survey operations at the commercial and residential projects of these real estate groups at Varachha, Katargam, Sarthana and Parvat Patiya on Friday.
The department officials seized documents and other evidence regarding black money transactions in the purchase of land. The MLA's son declared Rs 13 crore worth of unaccounted income, while the real estate developer in Parvat Patiya area declared income of Rs 11 crore.
In the last one week, the I-T department has recovered over Rs 35 crore worth of unaccounted income from real estate developers and textile traders in the city.
Official sources said the I-T sleuths from range-9 carried out survey operations at the commercial and residential projects of these real estate groups at Varachha, Katargam, Sarthana and Parvat Patiya on Friday.
The department officials seized documents and other evidence regarding black money transactions in the purchase of land. The MLA's son declared Rs 13 crore worth of unaccounted income, while the real estate developer in Parvat Patiya area declared income of Rs 11 crore.
In the last one week, the I-T department has recovered over Rs 35 crore worth of unaccounted income from real estate developers and textile traders in the city.
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