Tolivelugu Crime Bureau, Hyderabad: Last week, the Income Tax department conducted searches with 50 teams simultaneously against four companies. Raids were conducted in Raj Pushpa, Vertex, Muppa, and Vasudha Pharma Chemicals companies and audited calculations were taken. They are calling for an investigation by giving notices of huge tax evasion. It seems that the center has planned to conduct consecutive inspections for 5 months at the rate of 2 companies per week. Allegations are coming that BJP, which is in power at the center, is behaving as if it is close to the party.
There are criticisms that big contract and real estate companies do not care how much ever they raise the prices of the properties and manipulate markets. The Center has received complaints that Rs 12,000 crores of GST have been evaded by Megha Krishna Reddy. There are still rumors that searches have been conducted at the companies like MyHome and left midway. Opposition parties are alleging that IT and ED raids were not carried out as these companies continued to have good relations with BJP. Confusion is going on in the parliament that why the case is not registered against Adani company. However, it seems that the BJP government has only targeted the states of its opposition parties.
It seems that they are planning to send special teams to carry out attacks there, apart from the local authorities. It is reported that every Tuesday of the week at 6 o’clock in the morning, the rest of the staff are not knowing which company to search for and are preparing for lightning strikes. There are political criticisms that there is a plan to block the flow of money in the coming elections by keeping the companies in secret.
How are the attacks carried forward?
The Income Tax Department has estimated that most of the black money is circulating in the pharma, real estate, medical and education sectors. It seems they are going to the places in the shadows as the customers and getting data. After that, they are targeting the houses of their directors and employees. At the same time, raids are being carried out to find out where the investments have been made. After that notices are given and investigations are conducted in the offices. But there is a loud campaign going on that some people are given phone numbers of highly influential politicians in Delhi and suggested to meet there.
What is happening in Delhi is not coming out. If the cash is seized by the Income Tax Department, then the account must be given as to why it was drawn. If assets are accumulated, the income received should be shown. There are difficulties for those whose calculations have been adjusted that they will have to pay tax. It is reported that some companies have been cleared for the last 3 years, but they are asking for accounts after 8 years of auditing.