I-T ‘unearths foreign assets worth Rs 200 crore of Congress leader’

NEW DELHI: In income tax searches believed to be linked to Congress leader Kuldeep Bishnoi, the department is understood to have uncovered evidence of undisclosed foreign assets of Rs 200 crore that were generated over decades.
The investigation has also detected domestic tax evasion of more than Rs 30 crore. This may mean criminal action under the Black Money Act, 2015, apart from action under the Income Tax Act, Central Board of Direct Taxes (CBDT) said.
The income tax searches were conducted on July 23 on a group covering 13 premises across Delhi, Haryana and Himachal Pradesh.
Bishnoi has said the ruling Bharatiya Janata Party (BJP) at the Centre was trying to harass him and his family.
The income tax department said evidence detected so far revealed undisclosed cash dealings of huge amounts in immovable property transactions and construction.
The illegal gains were layered in different countries including British Virgin Islands, Panama, UK, UAE and Jersey.
^{[1][2][3][4][5]}

References

1. ^{^} Kuldeep Bishnoi (timesofindia.indiatimes.com)
2. ^{^} undisclosed foreign assets (timesofindia.indiatimes.com)
3. ^{^} Income Tax Act (timesofindia.indiatimes.com)
4. ^{^} CBDT (timesofindia.indiatimes.com)
5. ^{^} British Virgin Islands (timesofindia.indiatimes.com)

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