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Dehradun jeweller gets 2 yrs in jail for not disclosing Swiss Bank account

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The court has also slapped a fine of Rs. 25,000 on Raju Verma, who owned ‘Punjab Jewellers’.

ANI  |  Dehradun (Uttarakhand) [India]  April 18, 2017 Last Updated at 09:00 IST

tax, tax return, I-T, income tax, taxes

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An owner of a famous jewellery showroom in Dehradun was sentenced on Monday to two years of rigorous imprisonment for hiding his Swiss account from the (I-T) department.

The has also slapped a fine of Rs. 25,000 on Raju Verma, who owned ‘ Jewellers’.

On March 14, 2012, the department had found that the man had Rs. 92 lakh in his account, which he had not disclosed.

He was later convicted under section 276 C (1) (willful attempts to evade any tax) and section 277 (false statement in verification) of Act 1961.

Verma has been granted a month’s bail by the for appealing in the higher and other 16 accused have been arrested in this matter too.

The I-T department had received a written complaint in 2012 that Verma had a personal account in Switzerland, which he had not disclosed to the I-T.

Dehradun jeweller gets 2 yrs in jail for not disclosing Swiss Bank account

The court has also slapped a fine of Rs. 25,000 on Raju Verma, who owned ‘Punjab Jewellers’.

The court has also slapped a fine of Rs. 25,000 on Raju Verma, who owned ‘Punjab Jewellers’.

An owner of a famous jewellery showroom in Dehradun was sentenced on Monday to two years of rigorous imprisonment for hiding his Swiss account from the (I-T) department.

The has also slapped a fine of Rs. 25,000 on Raju Verma, who owned ‘ Jewellers’.

On March 14, 2012, the department had found that the man had Rs. 92 lakh in his account, which he had not disclosed.

He was later convicted under section 276 C (1) (willful attempts to evade any tax) and section 277 (false statement in verification) of Act 1961.

Verma has been granted a month’s bail by the for appealing in the higher and other 16 accused have been arrested in this matter too.

The I-T department had received a written complaint in 2012 that Verma had a personal account in Switzerland, which he had not disclosed to the I-T.

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ANI

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