More than 250 sleuths are involved in the exercise, which began this morning and will continue till late at night. ‘We’re collecting documents, which indicate towards a huge tax evasion,’ sources in the income tax department said.”
Yet another news item titled as “Income Tax Officials raid 20 XYZ offices” reads as under:
“Income Tax officials on Tuesday conducted a search and seizure operation on several premises of real estate company XYZ Ltd. under alleged cases of tax evasion. The search was carried Out in 20 offices of the company across the country to ascertain facts about under reporting of sales of properties by the realtor. Nearly 120 men have been deployed in the operation and several documents have been taken in possession.”
Some time back, there was a story in a leading daily which narrated the Income Tax Department’s achievement in a search operation as under:
“The Income Tax Department seized cash of 44.20 crore from some Delhi based businessmen carrying Out trading in commodities. The department claimed it to be the largest ever cash seizure. The department said the traders raised the money by promising their clients extraordinary high returns.”
Such news items regularly appear in the newspapers since an income tax search is not an ordinary event. Such searches shake up the persons being searched and create an impact on the public. Searches are known to have unearthed crores of tax evasion and heaps of cash, gold, jewellery, etc., which is hoarded by persons possessing easy money. Such news items also give a warning to those who are sitting on mounds of such illegal money.