New Delhi: The Income Tax department has detected alleged tax evasion to the tune of Rs 7 crore in the business transactions of Purti group of companies related to former BJP President Nitin Gadkari.
Probing the alleged dubious transactions of the Purti Power and Sugar Limited (PPSL) since 2012, the department has completed assessments pertaining to the last two financial years and has found evasion to the tune of more than Rs 7 crore, top official sources said.
The Purti group, in its reaction, said it has not received any notice in this regard. A notice is not any indicator of any wrongdoing, it said, adding that Gadkari was not associated with the Purti group for the last two years.
"Our attention has been drawn to reports in a section of media that the Income Tax department is serving a tax assessment notice to the Purti Group for the last two assessment years. We would like to make it clear that neither the Purti group nor any functionary of the Purti group has received any notice so far," Nitin Kulkarni, PRO of Purti Group said in a statement....
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04:29 PM, Oct 30, 2012
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