Lawyer shocks with 125 Cr unaccounted income
posted on Oct 20, 2016 @ 3:46PM
A top lawyer of Delhi sent shocking waves in the legal fraternity as well as in the income tax department after he declared unaccounted income worth Rs 125 crore. The declaration was made by him when officials of the Income Tax department searched his South Delhi residence. The lawyer, who first came to the limelight when he bought a bungalow in central Delhi for Rs 100 crore, is reputed to be well networked in legal circles. Sources in the I-T department said their search threw up documents about several other properties of the lawyer, besides his investments allegedly in shell companies. The I-T searches on the lawyer’s premises came just within a week of the closure on September 30 of the government’s income disclosure scheme, a four-month window for declaring unaccounted money. The tax department is cracking down on consultants and lobbyists.