IT department puts glasses on crooked onion merchants in Delhi, MP, Maharashtra
NEW DELHI: The income tax department had conducted merchant survey operations in, and Delhi, based on information that these merchants were engaged in price manipulation and cash transactions, which led to the generation of uncounted income, said junior finance minister Lok sabha .
A preliminary result of such operations revealed that most of these operators were incurring in several improper practices that included the suppression of rotation, having uncounted shares, handling account books, cash sales, violation of restrictions related to restrictions on cash transactions, Thakur said.
He said that the tax department carries out appropriate actions according to the law in relevant cases, where credible information is received about the violation of the provisions of the Income Tax Law and there is no term raid on the Law.
Onion prices have skyrocketed in several cities, which led the government to order an export ban.