I-T Department Conducts Raids At 67 Petrol Pumps In Gujarat

March 18, 2017 Author: Dushyant Goswami
petrol-pump-I T Raid

Gujarat Income Tax department has carried out surveys at 67 petrol pumps across the state in the past 10 days. According to market sources, these outlets had been under the I-T scanner for a long time.

Post demonetisation announcement on November 8, the government had allowed petrol pumps to accept the devalued notes of Rs 500 and Rs 1000 up to the midnight of December 2.

Suspecting large scale embezzlement during the period of hush of demonetization on such outlets I-T department conducted probe with inputs received from its intelligence network.

Carrying notices under Section 133A of the IT Act, the inspectors have been checking cash books of these outlets to tally the sales corresponding to the deposits made during the nearly month-long period of demonetisation.

Arvindbhai Thakkar, president of Gujarat Petrol Pump Dealer Association said, “The process started from March 8 and 67 outlets, mostly in and around Rajkot, have been surveyed till now.

The outlet owners were also asked to give extensive details of the transactions carried out post-demonetisation.”

Sources claimed that even though the I-T officials formally declared the process as a survey, they carried out the procedure as a raid. A lot of documents and assets owned by the outlet owners were seized.