Courts to hear IT Deptt’s prosecution cases against Geelani, Malik, Shabir in Feb, Mar

Courts to hear IT Deptt’s prosecution cases against Geelani, Malik, Shabir in Feb, Mar

29 January 2012
The Daily Excelsior
Mohinder Verma

Jammu: For the first time during the last 20 years in the Kashmir valley, the Income Tax Department has launched prosecution proceedings against those indulging in willful evasion of the tax and 11 such cases involving evasion of around ' 35 crore have been listed for hearing in courts of law at Srinagar on February 25 and in the month of March 2012. Among those against whom charge-sheets have been filed by the Income Tax Department are hardliner Hurriyat leader, Syed Ali Shah Geelani, chairman of Jammu and Kashmir Liberation Front (JKLF), Mohd Yaseen Malik, chairman of Jammu and Kashmir Democratic Freedom Party (DFP) Shabir Ahmed Shah and owner of the FIL Industries Ltd, Altaf Ahmed. Sources in the Income Tax Department told EXCELSIOR that charge-sheets for the offence of willfully evading the payment of tax against 11 persons have been filed by the Income Tax Department under Section 276-C read with Section 277 of the Income Tax Act after issuing them proper show-cause notices and with the approval of Commissioner of Income Tax, J&K, Ravi Sarangal. The other persons against whom charge-sheets have been filed and prosecution cases are pending in the courts are Abdul Rashid Bhat and Akash Amin Bhat, residents of Handwara, Altaf Ahmed Shah, a resident of Buchpora, FIL Industries Ltd Sheikh Bagh, Srinagar, Afroz Syed Shah and Mohd Syed Shah, residents of Anantnag, Ghulam Mohd Bhat, a resident of Haabak and Showket Ahmad. Sources said that FIL Industries Ltd at Sheikh Bagh, Srinagar is on the top of list of these 11 habitual tax evadors as the evasion for the period between 2001 to 2008 has been worked out to the tune of ' 30 crore including a penalty of ' 5 crore, which was imposed this year for the assessment year 2005-06. The self-assessment tax for the financial year 2009-10 amounting to ' 1.70 crore was paid by the company only after the matter was pursued by the IT Department by way of issue of penalty and prosecution notice, sources informed. The IT Department has got six bank accounts of FIL Industries Ltd-two each in UCO Bank at Srinagar and Delhi and two in ICICI Bank at Delhi, attached in order to prevent the owner of FIL Industries from carrying out transactions till the taxes are paid by the company', they disclosed, adding 'the IT Department is also planning to launch forgery case against the FIL Industries Ltd as the company had submitted a fake audit report of Chartered Accountant'. Hardliner Hurriyat leader, Syed Ali Shah Geelani is figuring at the second place in the list of 11 persons against whom prosecution proceedings have been launched by the Income Tax Department. 'The Department has worked out evasion of the tax in his case to the tune of ' 3.6 crore for the period between April 1, 1996 and June 9, 2002', sources said. In 2002 Geelani had got value of his house at Hyderpora, Srinagar worked out at ' 40 lakh while getting the property insured. He was also found to have purchased a flat in Gupta Colony, Delhi but in the Income Tax documents he had not reflected this information, they added. The tax outstanding against Akash Amin Bhat for the block period of April 1, 1997 to May 11, 2003 has been worked out to the tune of ' 59 lakh while as the same in the case of Afroz Syed Shah for the block period of 2006-07 stands at ' 35 lakh, sources said while informing that despite having good income, Afroz Syed Shah never filed Income Tax returns. Similarly, the tax outstanding against Mohd Syed Shah for the block period of 2006-07 has been worked out at ' 26 lakh while as the same against Abdul Rashid Bhat for the block period of April 1, 1997 to May 11, 2003 stands at ' 23 lakh. The Income Tax Department has reflected tax payable by Altaf Ahmed Shah for the block period of April 1, 1996 to June 9, 2002 at ' 21 lakh, sources said. They said that prosecution against Ghulam Mohd Bhat, Shabir Ahmad Shah, Showket Ahmad Bakshi and Mohd Yaseen Malik has been launched for non filing of returns despite having good income. The prosecution cases of Abdul Rashid Bhat, Akash Amin Bhat, FIL Industries Ltd, Ghulam Mohd Bhat, Shabir Ahmad Shah, Showket Ahmad Bakshi and Mohd Yaseen Malik have been listed for hearing in the court of law on February 25, 2012 while as the cases of Syed Ali Shah Geelani, Altaf Ahmad Shah, Afroz Syed Shah and Mohd Syed Shah will be listed in the month of March for hearing, sources said.