x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Government Polytechnic celebrates Annual Day | District Level Inter Zonal tournament gets under way | KIDZEE celebrates Red day | Jawahar Public High School felicitates Karate coach, medal winners | Arohi Production holds audition | GHSS Thial organizes debate competition on social media | Inter zonal tournament continues | Govt Polytechnic Jammu introduces Smart Attendance System | SUMMER CAMP commences at APS | Girls of GHS Pouni excels in wrestling competition | De-silt river Tawi before monsoon, demand villagers residing nearby | Art of Living organizes happiness programme | PHE ITI trained, CP & land donor workers association stages protest | No secrecy at secrecy-wing of BOSE | Free health camp organized | Exit polls declare PDP, PC as 'nonentities' | Workshop on IoT organized | Exit polls hinting Modi's return unnerve NC, PDP | Encroachment of state land, nullah goes unabated at New Bus Stand Samba | CEO Kishtwar engages 13 teachers for data punching | When will Rs 3.23 Cr Doda Truck Terminal start operations? | In a first, PDP slams militants for killing party worker | Governor congratulates University of Kashmir for getting NAAC's A+ accreditation | Landher village awaits water filter plant since 2009 | Illicit liquor seized at Udhampur, destroyed on spot | Bhagwat Katha commences at Shiv Mandir Ari | RMCC wins cricket tournament | Police arrested one absconder wanted since 1993 | BKYVS distributes water pots | Suresh Dogra castigates Govt for conducting for incomplete survey on OBCs | MP Manhas reaches Bhaderwah held meetings with Civil Society | Contractors demand clearance of backlog payments by H&UDD | Justice Magrey emphasises on fair practice, dedication, devotion | Turmeric - A Viable Alternative Crop in Monkeys Menace Areas | Kashmir: Political leadership should stand up and be counted | Education and poverty | Situation in Kashmir remains same during Governors rule | Where is ARTO Poonch ? | Where is ARTO Poonch ? | Dates of J&K assembly polls depend on May 23 results | 3 years on, Sewa Chiralla bridge incomplete | Wanton loot of forests at tourist spots in Budgam | Indian Army confirms first surgical strike carried out in September 2016 to avenge Uri garrison attack | Katra solid waste dump pollutes Jhajjar rivulet, a health hazard: Rana | HC quashes Masrat Alam's PSA | Advisor Ganai to hold public hearing at Jammu on today | Scores of deputations, individuals meet Advisor Skandan at Jammu | Militants attack police station Shopian | Day curfew lifted from violence hit Bhaderwah as situation limps back to normal | Advisor Kumar visits Kupwara, inspects SDH Sogam | JDA holds anti-encroachment drive, 387 kanals retrieved | Shah Faesal pays tributes to Mirwaiz Moulvi Farooq, AG Lone | School bus driver, conductor's bail rejected | Civil traffic resumes on Jammu- Srinagar highway after day-long ban | Dare not try to come anywhere near LoC: Indian Army to Pak | Primary School students protest over water shortage | PHE supplies contaminated water to Mahore | MLC Randhawa meets Governor | Two killed in road accident | Retired police personnel stage protest | JKSPDF holds meeting | ZEO suspended for breach of Model Code of Conduct | Telecom connectivity for Shri Amarnathji Yatra Reviewed | Karvan-e-Aman bus to PoK remains suspended | RKS discuss functioning of health institutions | DC Reasi pays surprise visit to DH, constitutes team to check absenteeism | Injured PDP activist succumbs in SKIMS | Man killed over land dispute in Reasi 5 arrested | Body of missing teacher found in lake | 43 bovines rescued | Traffic Police launches strict against passenger Auto rickshaws | Police seize 43 bottles of country made liquor, arrested bootlegger | Back Issues  
 
news details
IT Deptt unearths undisclosed cash and properties worth crores
3/15/2019 11:11:51 PM
Early Times Report

Srinagar, Mar 15: In a major crackdown on terror financing, the Income Tax Department Friday said it has unearthed undisclosed cash, jewellery and property papers worth several crores in Jammu and Kashmir. Search operations were conducted at five locations in Kashmir valley the department said in a statement.
"These actions are part of the Department's continued drive against use of black money by disruptive elements in the state. The operations also send a message of deterrence and obviation to those intending to vitiate the democratic process of free and fair elections," it said. The tax department further said one operation was against a prominent Line of Control (LOC) trader who apparently used proxies to conduct large cross-LoC trade in the past six years.
"Large undisclosed profit earned by him has been diverted to allegedly suspect elements in the Valley. During the action, documents of transactions in the names of some of the proxies were found. Investigations are in progress to determine the clandestine cross-LOC trade conducted by the tax evader through the Custodian of the Trade Facilitation Centre, Srinagar," it said. The tax department also said the preliminary results of the search operation are extremely encouraging. In the aggregate, undisclosed cash of Rs 1.44 crore and unaccounted jewellery of Rs 2.48 crore have been seized.
The documentary evidence collected and examined so far shows undeclared property transactions of more than Rs 41 crore, primarily in the Kashmir valley and concealed financial transactions of nearly Rs 17 crore. A number of hard disks have also been seized that prima facie corroborate the evidence found in the seized documents, the department said.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU