City Reports

IT department attaches properties worth Rs 100 crore bought by builder in the name of guards

The builder brought the properties worth Rs 41 crore between 2010 and 2014 in the name of their three security guards who belong to scheduled caste/scheduled tribe. The current market value of these properties is Rs 100 crore.

February 26, 2019, 10:46 am

income tax department rajasthan

Income Tax Department

Jaipur: The Income tax department attached 35 anonymous properties worth over Rs 100 crore under the Benami Property Transaction Prohibition Act, 1988 on Monday. As per the investigation, a builder group brought the properties including 113 bigha land in the name of their three security guards. According to the officials, the builder brought the properties worth Rs 41 crore between 2010 and 2014 in the name of their three security guards who belong to scheduled caste/scheduled tribe. The current market value of these properties is Rs 100 crore. The properties are located in Jaipur, Shivdaspura, Vatika, Mahapura, Sirsi, Bandayaka and Natata village. The searches by the Investigation Branch of the Income Tax Department started in November 2016. The investigations revealed that the group purchased properties on a large scale using the names of Scheduled Castes and Scheduled Tribes people, who were working with the company. The department attached 38 anonymous properties of the builder’s group around two years ago. Thirty-five more benami properties were attached from this group on Monday. In total, around 75 anonymous properties have been attached under the Benami Property Transaction Prohibition Act, 1988. The income tax department’s Benami (Anonymous) prohibition Unit has attached around 353 anonymous properties worth Rs 1150 crore till date in the state.

First published: February 26, 2019