The Income Tax Department has found unaccounted income and investment worth Rs 130 crore with Aam Aadmi Party (AAP) MLA Kartar Singh Tanwar, sources said on Tuesday. The department has already seized unaccounted cash and jewellery of nearly Rs 1 crore from Tanwar and his brother. Tanwar has been questioned by the Income Tax Department twice in the recent past after the raid.
Reacting to the raids, Tanwar alleged it was a political witch-hunt by the BJP-led Central government. Tanwar was a BJP leader before he joined AAP in 2014.
Sources in the IT department said the recent raid revealed that transactions for buying farm houses in Chattarpur and Ghitorni were being done in cash by Tanwar and his associates. he sources in the IT department added that Tanwar was not paying stamp duty and registration fee on huge land transactions, thus allegedly cheating the Delhi government.
Sources also claimed that Tanwar was fudging his book of accounts by showing money from land transactions as loans and advances in companies controlled by him. He had floated 30 to 35 companies for doing these transactions. The department has also allegedly found a large number of documents showing unaccounted and benami properties. An assessment of the value of these transactions is being done.
IT department is also investigating unexplained and unaccounted expenses on construction of a mall, residential houses, marriage expenses and farm houses having possibility of substantial tax evasion.