Income tax glare on nine jewellers

Seven jewellery shops in the capital and two in Ramgarh were surveyed by the income tax department's Ranchi range on Wednesday.

Ten teams carried out search operations on the premise of Tulsyan Jewellery Pvt. Ltd, Tribhuvan Das Sons Jewellers, Tribhuvan Sons Jewellers, Alka Jewellers, New Alka Jewellers, Jaipur Jewellers and Kundan Jewellers. Search operations were also carried at another unit of Tribhuvan Sons Jewellers at DS Complex in Ramgarh district and Vaishali Alankar Jewellers at Shyam Complex in Ramgarh. Vaishali Alankar Jewellers is owned by one Bhupendra Sarraf.

Confirming the survey, income tax commissioner Veer Birsa Ekka said the over six-hour-long searches yielded enough evidence of discrepancy and tax evasion.

"Search operations were carried following credible information of discrepancy and tax evasion. We have seized transaction records of last one year. The IT details and records of sale and purchase provided by them indicate a huge gap," Ekka told The Telegraph.

He added that the department would be able to ascertain the exact anomalies only after proper scrutiny of documents. Meanwhile, sources hinted that other than tax evasion, the teams also zeroed-in on information about undisclosed investments in the bullion business.

Tulsyan Jewellers belongs to Congress leader Pradeep Tulsyan. Tribhuvan Sons Jewellers belongs to one Pradeep Kumar. Refuting tax evasion accusations, Tulsyan said he voluntarily placed all papers sought by the tax department.

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