Kanpur: Real estate tax evasion is worth it, many properties are said to be Benami

Summary

Aside from Pan Masala, they also have a lot of shops. The total turnover of the group is around five hundred million rupees. Under the direction of the Chief Income Tax Director (Investigation), more than a hundred officials and employees of the Income Tax Department ransacked their 13 locations on Wednesday.

The SNK Group, a company that makes pan masala in Kanpur, has also expanded the real estate business from Kanpur to Delhi. In the course of the investigation by the income tax authorities, tax evasion worth several million rupees has come to light in the Group’s real estate business. Many of these properties are also believed to be benami. The origin of the associated money is also not known.As a result, documents from more than a dozen and a half properties have been confiscated for investigation at the Kanpur and Delhi residences. Six company-related addresses were found to be fake. This has pointed to investments in bogus companies. Investigations are currently ongoing at 13 SNK locations. The city-based company AJ Sugandhi makes Pan Masala under the name SNK. Its owners are Naveen Kurele and Praveen Kurele, residents of Swaroop Nagar.

Aside from Pan Masala, they also have a lot of shops. The total turnover of the group is around five hundred million rupees. Under the direction of the Chief Income Tax Director (Investigation), more than a hundred officials and employees of the Income Tax Department ransacked their 13 locations on Wednesday. In addition to Naveen Kurele and Praveen Kurele’s residence, warehouse, factory in Kanpur Nagar, seven locations in Delhi, Orai, Noida were searched simultaneously. The investigation revealed that two of the company’s addresses in Kanpur and four in Delhi were fake. The teams came back from here. When the company officials were questioned, it turned out that these companies were only running on paper. The examination of the documents showed that the businessmen had also invested heavily in the real estate business. It extends to Delhi. A company is registered in Delhi itself for the real estate business. Major fraud and massive tax evasion also come to the fore. A team of experts was sent to Delhi to examine the properties. The confiscated property records were sent to the Benami Wing for investigation.

Research in advance, GST raids confirmed tax evasion
Sources said the income tax department had been keeping an eye on the company for a long time. The department already had the bundle of their transactions, properties, companies, etc. On July 12th, the SGST department searched the same company and found itself involved in a large-scale tax evasion. The income tax department had collected information related to the raid on the SGST department. Trading took place after 16 days.

Since then, production has been declared closed
Sources said production is slated to cease following the GST raids on the company, but officials have not found any such evidence. It has been said that huge monetary transactions in real estate have been made by fake companies. Through loan, Rs.

extension

The SNK Group, a company that makes pan masala in Kanpur, has also expanded the real estate business from Kanpur to Delhi. In the course of the investigation by the income tax authorities, tax evasion worth several million rupees has come to light in the Group’s real estate business. Many of these properties are also believed to be benami. The origin of the associated money is also not known.

As a result, documents from more than a dozen and a half properties have been confiscated for investigation at the Kanpur and Delhi residences. Six company-related addresses were found to be fake. This has pointed to investments in bogus companies. Investigations are currently ongoing at 13 SNK locations. The city-based company AJ Sugandhi makes Pan Masala under the name SNK. Its owners are Naveen Kurele and Praveen Kurele, residents of Swaroop Nagar.

Aside from Pan Masala, they also have a lot of shops. The total turnover of the group is around five hundred million rupees. Under the direction of the Chief Income Tax Director (Investigation), more than a hundred officials and employees of the Income Tax Department ransacked their 13 locations on Wednesday. In addition to Naveen Kurele and Praveen Kurele’s residence, warehouse, factory in Kanpur Nagar, seven locations in Delhi, Orai, Noida were searched simultaneously.

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