IT officials detect discrepancies in onion trade record

Lily

B.R
Staff member
Jalandhar January 9:

Sleuths of the Income Tax Department detected discrepancies, to the tune of Rs 6.25 crore, in the records of major onion traders of Amritsar and Jalandhar after they cracked down on hoarders late Thursday night and Friday.

While in Amritsar, it was Punjab Commission Shop, owned by Latti Shah, whose records showed discrepancies to the tune of Rs 4.25 crore, it was Rs 2 crore (unaccounted money) in Jalandhar, where Himalayan Cold Storage, Aggarwal Traders, Avtar Singh Jang Bahadur, and GS Traders — four main onion traders of the city — allegedly forged with the record books.

Sources in the department revealed that the Income Tax team headed by Joint Director Anupam Garg raided the four premises in Jalandhar, while Deputy Director Rohit Sharma led a team to complete the operation in Amritsar. Keeping in view the soaring prices of onion and its dwindling supply in the region, the department was conducting raids at various godowns, cold stores and warehouses in Jalandhar, Ludhiana, Amritsar, Chandigarh and other cities of Punjab.

 
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