Sonu Sood has been investigated by IT dept for 20 crore tax evasion: CBDT

Sonu Sood has been investigated by IT dept for 20 crore tax evasion (Image Source : INSTAGRAM/SONU SOOD)

In the premises of Sood in Mumbai the Department performed search and seizure operations as well as Lucknow-based group real estate group.
 
On Saturday, the income tax authorities stated that Sood and his accomplices had so far uncovered tax evasion totaling INR 20,000 (including Foreign Contest Regulation Law, FCRA), following two days of searches on Bollywood actor and philanthropist Sonu Sood and locations related to him.
In different locations in Sood in Mumbai and in Lucknow's group of real estate companies, the department conducted a search and seizure operation. Total 28 sites have been searched over two days in Mumbai, Lucknow, Kanpur, Jaipur, Delhi, Gurugram.
The Central Board of Direct Taxes (CBDT) said in a statement that “during the course of search at the premises of the actor and his associates, incriminating evidence pertaining to tax evasion have been found.”
“Investigations so far have revealed use of 20 such entries, the providers of which, on examination, have accepted on oath to have given bogus accommodation entries. They have accepted to have issued cheques in lieu of cash. There have been instances where professional receipts have been camouflaged as loans in the books of accounts for the purpose of evasion of tax. It has also been revealed that these bogus loans have been used for making investments and acquiring properties,” the CBDT said.
Source: ANI

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