24
Monday
September 2018
12:00 AM IST
News Headlines
Hasan, Asghar, Rashid fined 15 per cent of their match fees        Ready to be sacked if ATK do not fare well: Coppell        Sensex ends in red after 1,000-pt flash crash        OYO to hire over 2,000 tech experts, engineers by 2020        Thousands rally across Russia against raising pension age        Pak PM Imran hits out at India, calls its response "arrogant" for cancelling talks        Sisodia, AAP MLAs discharged in case related to 2014 protest        We have no role in selection of Reliance Defence for Rafale deal: Govt        Modi, Ambani carried out Rs 1.3 lakh cr 'surgical strike' on defence forces: Rahul on Rafale issue        Chekka Chivantha Vaanam: Second trailer released        Golden Globe Race: Indian Navy Officer Abhilash Tomy injured; INS Satpura dispatched for rescue        India Calls Off Talks With Pak, Says "Imran Khan's True Face Exposed"        Indian govt wanted Reliance for Rafale, we didn't have a choice: Ex-French prez Hollande        Wreckage of Captain Cook’s ship found off US coast        Death toll reaches 136 in Tanzania ferry disaster with scores missing        Ravindra Jadeja, Rohit Sharma take India to comprehensive 7-wicket win        Naomi Osaka Eases into WTA Tokyo Event Semi-final        Let the boundaries go away: Pakistani youth sings Jana Gana Mana with full respect        Three kidnapped cops killed by terrorists in Jammu and Kashmir        Freak penne trending with dislikes and trolls        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Main News
Tax Officials Find 1,430 crore Undeclared Income From Sasikala Aides, Jaya TV
 
(CHENNAI, Nov 13, 2017):After days of multi-city searches, Income Tax officials have detected undisclosed income of Rs. 1,430 crore in respect of ten assessee groups which included those linked to jailed AIADMK leader VK Sasikala, her family members and their associates, a top official said today.

Income Tax (IT) department officials last Thursday carried out simultaneous multi-city raids on 187 premises including those linked to Sasikala and her nephew and deposed AIADMK general secretary T TTV Dhinakaran and Tamil television channel Jaya TV over suspected tax evasion. The searches at some premises continued for days.

A top tax investigation official in Chennai said that more than Rs. 7 crore in cash and jewellery worth over Rs. 5 crore were seized during the searches.

As many as 15 bank lockers and diamond jewellery were kept under "prohibitory orders" under which access to them is denied, he added.

"A lot of incriminating documents were found and prima facie we have detected undisclosed income of Rs. 1,430 crore," the official, who did not want to be named, told PTI. In Delhi, a senior I-T official said undisclosed income of around Rs. 1,500 crore was detected during the multi-city searches that were carried out mostly in Tamil Nadu.

Stating that Rs. 30 crore of undisclosed income was "detected already", the Chennai-based official said a "lot more materials" are being looked into.

To a question on the nature of undisclosed income, he said this relates to unexplained cash and unexplained cash introduced for acquiring several businesses. The issue of shell companies was a separate matter, he said, but did not elaborate.

The official said the undisclosed income was in respect of the ten assessee groups, which includes Jaya TV and Midas Distilleries that are reportedly linked to Sasikala.

About possible freezing of some bank accounts, primarily related to shell companies, he said that process is also being done.

The official said once it is ascertained that the proceeds are not accounted for then the bank accounts will be looked into.

Tax authorities, meanwhile, summoned Vivek Jayaraman, head of Jaya TV (Mavis Satcom Limited) for questioning following conclusion of searches in the premises of the channel.

A report from Udhagamandalam or Ooty said Income Tax officials are continuing their searches for the fifth day in the Green Tea Estate in Nilgiris District.

A team, consisting of three members, are reportedly verifying the documents with regard to the Kodanadu Estate and also the 670 acre Green Teas estate in Curzon, said to be purchased by late chief minister Jayalalithaa and her aide VK Sasikala some five years ago.

Former Chief Minister J Jayalalithaa used to stay and look after official duties twice a year in the Kodanadu Bungalow, documents of which were allegedly in the custody of Dhinakaran or some of his relatives after her death.


Modi, Ambani carried out Rs 1.3 lakh cr 'surgical strike' on defence forces: Rahul on Rafale issue
Golden Globe Race: Indian Navy Officer Abhilash Tomy injured; INS Satpura dispatched for rescue
Cabinet clears ordinance to make triple talaq penal offence Law Minister
Goa Cong MLAs to meet Governor to seek dismissal of Parrikar govt
Court summons Lalu, others as accused in IRCTC money laundering case
SC awards Rs 50 lakh compensation to space scientist Nambi Narayanan in ISRO espionage case
Met Finance Minister Before Leaving Country, Says Vijay Mallya
Worried About Rupee Drop, India Considers Tapping NRI Wealth
SC dismisses plea to ban book 'Meesha', says craftsmanship of writer deserves to be respected
Modi blames UPA govt for bad loan mess, says every penny will be recovered
Activist's letter spoke of "Rajiv Gandhi-like" event: Police
PM owes people answer on why he inflicted demonetisation wound: Rahul
Rahul flays Centre for not providing adequate aid to flood-hit Kerala
Activists arrested in police raids in five states over alleged Maoist links
India, Pakistan to resume talks on Indus Waters Treaty in Lahore this week
Ambani asks Cong leaders to 'cease & desist' from speaking on Rafale; Party says won't be cowed down
Centre to Supreme Court: ‘Decision taken to reduce Mullaperiyar water level’
Former PM Atal Bihari Vajpayee
Half of Kerala reels under floods as 29 die, 54,000 are homeless
Idukki dam: All five shutters opened
KERALA NEWS
Kannur International Airport: Kerala to be the first state with four international airports
 Malappuram: With Kannur International Airport becoming operational, Kerala will be the first state i  
Bar bribery case: Court dismisses the vigilance report
State Kalolsavam to be held in December
Actor Captain Raju passes away at 68
INTERNATIONAL NEWS
Thousands rally across Russia against raising pension age
 Moscow, Sep 22 (AP) Thousands rallied across Russia on Saturday to protest the government's plan to
Pak PM Imran hits out at India, calls its response "arrogant" for cancelling talks
Wreckage of Captain Cook’s ship found off US coast
Death toll reaches 136 in Tanzania ferry disaster with scores missing
NATIONAL NEWS
Sisodia, AAP MLAs discharged in case related to 2014 protest
 New Delhi Sep 22 (PTI) A Delhi court on Saturday discharged Deputy Chief Minister Manish Sisodia, AA
We have no role in selection of Reliance Defence for Rafale deal: Govt
India Calls Off Talks With Pak, Says "Imran Khan's True Face Exposed"
Indian govt wanted Reliance for Rafale, we didn't have a choice: Ex-French prez Hollande
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.