Undisclosed Income Of 750 Crores Found In IT Raids: Bangalore

Undisclosed income of 750 crores found in Income Tax raids against contractors based in Bangalore.

The Income Tax Department has seized undisclosed income of about Rs 750 crore after raiding three big contractors based in Bangalore.

All three contractors are involved in irrigation and highway projects. The Central Board of Direct Taxes (CBDT) said on Tuesday that on October 7, 47 premises spread across four states were raided.

The tax department’s policy-making body CBDT said, “These three groups were hiding their income from fake purchases, overspending on labor, fake sub-contracting expenses, etc.”

The investigation found that one of the groups had shown forged sub-contracting expenses in the names of about 40 persons.

Undisclosed income of 750 crores found in Income Tax raids: These persons had nothing to do with the construction business.

The body said that an undisclosed income of about Rs 750 crore was unearthed in the raids and seizure proceedings on the three groups.

In addition, the respective group enterprises have admitted their undisclosed income totaling Rs 485 crore.

One group has admitted that it has shown increased expenditure on laborers by Rs 382 crore.

Kerala: Court sentences life imprisonment to a husband who killed his wife by being bitten by a cobra snake

A court in Kollam, Kerala has sentenced a convicted husband who killed his wife by being bitten by a cobra snake to life imprisonment.

A court in Kerala’s Kollam today fixed the sentence for the guilty husband, who was found guilty of killing his wife by being bitten by a cobra.

The court had on Monday convicted his sleeping wife of killing him by leaving a cobra.

The court had said that the convict does not deserve sympathy for this heinous crime. The prosecution had sought a death sentence for the 32-year-old convict.

Cobra was thrown at sleeping wife.

Suraj was found guilty on Monday under sections 302 (murder), 307 (attempt to murder), 328, and 201 of the IPC.

The prosecution had argued that he had killed her on May 7, 2020, by injecting a cobra on him.

A 25-year-old woman was already undergoing treatment for a snake bite, after which her husband released another cobra on her.

On behalf of the prosecution, it has been said that she had survived the first snake bite, however, she died the second time due to the cobra bite.