Placeholder canvas

Navjot Singh Sidhu’s bank accounts seized for nonpayment of taxes

Date:

New Delhi: The Income Tax (IT) department on Thursday seized two bank accounts of Punjab Minister Navjot Singh Sidhu for non-payment of taxes.

While the former cricketer’s tax dues stand at Rs 52 lakh, payments to be made were towards dress expenses (Rs. 28,38,405), tour and traveling expenses (Rs. 38,24,282), salary expense (Rs. 47,11,400) and petrol and diesel expenses (Rs. 17,80,358).

ALSO READ: Karnataka Blues for BJP at Shah rally; translator says PM Modi will ‘damage nation’

The IT department noted that Sidhu had failed to provide documentary evidence, such as bills or invoices in support of his claim during the course of assessment proceedings. Since the authenticity of the transactions could not be established, 30 percent of the total expenses were disallowed in order to prevent leakage of revenue.

“The assessee had gone in to appeal against the order on January 17 last year, but the Commissioner of Income-tax (Appeals) or CIT (A) passed the order favouring the revenue and not provided any relief to the assessee, as he had failed to provide any documentary evidence in support of his claim,” an official statement noted.

Click here to Connect with AI Powered NewsMobile News Gennie

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

IPL 2024: Riyan Parag Shines As RR Posts 185/5 Against DC

Jaipur: In a remarkable turn of events, Rajasthan Royals...

NIA Arrests One Key Conspirator In Rameshwaram Cafe Blast Case

New Delhi: In a significant development in the investigation...

H1B Visa: USCIS Gears Up For Lottery Selection For Fy-25

Due to a technical issue with its website, the USCIS delayed the deadline for visa applications for the financial year 2025 by three days from March 22nd to March 25th, 2024

To Browbeat And Bully Others Is Vintage Congress Culture: PM Modi After 600 Lawyers Write CJI

New Delhi: In response to the voiced apprehensions of...