Ludhiana

EVER HEARD OF A MICROLIGHT AIRCRAFT FOUND IN AN INCOME TAX RAID? IT HAPPENED IN JALANDHAR

The Hush Post, Ludhiana: A microlight glider aircraft found in an Income Tax raid, apart from many luxury vehicles. And this happened in Jalandhar.

The Ludhiana based investigation wing of Income Tax department (Punjab, Jammu & Kashmir) raided more than a dozen premises of a business group which owns the most extravagant marriage palaces — Bath Castle in Ludhiana, Nakodar, Jalandhar. Apart from finding luxury cars and other incriminating documents in the raid, what came as a shock to the officials was they found a Glider aircraft (something like a microlight glider) in the group’s Bath Castle marriage palace at Jalandhar.

The group, which owns marriage palaces, also has huge real estate business and has huge presence in the region. The IT raid which has been conducted on instructions of principal director Parneet Sachdev has been initiated on the homes of the owners as well. Interestingly, one of the stakeholders of the group, Pavitar Singh Uppal’s name had recently come up in the paradise papers leak.

According to sources the raids have been conducted on the group on suspicion of evasion of income tax in past many years by suppressing their sales records. In addition to making huge black money in real estate sector, huge under billing was shown in bookings of marriage palaces owned by the group.

Several teams of department had resorted to establishing a backwards chain from the clients and details of payments made by cheque or bank transfer by them for booking their functions in the marriage palaces of the group. Tax evasion to the tunes of several crores has been found which is likely to continue for next couple of days given the huge amounts of documents seized.

Categories: Ludhiana, Miscellaneous

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