The Delhi Benami Prohibition Unit of the Revenue Tax Division has provisionally hooked up a five-star lodge value Rs 150 crore in Gurgaon, claiming it to be the benami asset of former Haryana Chief Minister Bhajan Lal’s son and Congress chief Kuldeep Bishnoi, officers stated Tuesday.
Officers stated the attachment is likely one of the outcomes of the continuing investigation, together with search and seizure operations, carried out in July throughout which “incriminating proof concerning the possession of Bristol lodge via a benami association had been recovered”.
The lodge, as per the attachment order, is owned within the title of an organization, Vivid Star Resort Non-public Ltd.
“Investigations revealed that the stated entity and its belongings are allegedly the benami belongings of Kuldeep Bishnoi and Chander Mohan. The provisional order of attachment was issued below part 24(3) of the Prohibition of Benami Property Transactions Act, 1988,” an official stated.
Revenue Tax Division officers from Delhi had carried out searches on the residences and enterprise places of work of Kuldeep Bishnoi in July.
Later, the CBDT in a press release, with out naming Bishnoi, had stated that undisclosed international belongings of greater than Rs 200 crore, home tax evasion of over Rs 30 crore, black cash stashed overseas within the type of properties in tax havens had been detected by the I-T Division.
I-T sources stated their probe discovered that 34% shares within the firm are held within the title of a “entrance” firm registered in British Virgin Islands and being operated from UAE.
Benami properties are these during which the true beneficiary is just not the one in whose title the property has been bought. Nevertheless, a supply near Bishnoi stated: “The information is being blown out of proportion. One of many shareholders of Vivid Star has been provisionally debarred from additional promoting or transferring its share to anybody until the completion of the evaluation.”