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Taxing the Valley

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  • It took almost a year for the IT Department to replicate its destroyed records, following which a voluminous master list of defaulters was prepared for the state, based on the 100-odd parameters listed by the Central Board of Direct Taxes for the entire country.

    Along with this was the resolve not to leave the “big fish” out of the recovery drive. On January 9, Singh himself led a raid on the properties of Altaf Bukhari, treasurer of the People’s Democratic Party, and his father Iqbal Bukhari. Thus, the Valley witnessed the high drama of a major Income Tax raid after decades. Sources said that despite political pressure, the department made out a demand of over Rs 50 crore for tax violations by FIL Industries — the company owned by the Bukharis.

    The department has also been zealously following up what is described as cases related to the “Hurriat group”, many of which date back to the 1996-2002 period and are pending in appeals. It has clubbed 19 people in the “Hurriat” list and computed a demand of Rs 7.9 crore. Among the top defaulters in the list are Syed Ali Shah Geelani with an outstanding demand of Rs 3.2 crore; Maqbool Lone with an outstanding of Rs 9.7 lakh and Shafi Malik with Rs 8.2 lakh due to the department.

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    Previous12
    Not TerrorBy: Ravi | 25-Dec-2008 Reply | Forward boss, you are using a big word called administrative terror. Please tone down the words. The word terror has got a diffferent meaning in this highly charged environmnet. You cannot term whatever Indian government does as terror.
    Income Tax Dept's successes in JBy: Dinesh | 25-Dec-2008 Reply | Forward I T Dept need not gloat over the so called success reflected in the increase in tax collection. May we ask, how many employees of various State, Central, PSUs, Corporate sector are in the list of returnees? The State, especially the Valley, with sprawling mansions and bungalows and flourishing exporters and many business folks and industrialists pays actually a pittance as income tax ! While the Dept has done better, there is a need to treat the income earners in the Valley and the rest of the State at par with how it is done in rest of the country. The fact though is that Centre as well as the politicians tend to adopt a wholly different line...milch those they can and spare those (or overlook if you like) who tend to seem politically a sensitive class. Thats why we have a majority of declared Crorepati Legislators and MPs paying next to nothing as Income Tax while a Babu or an Executive who slogs for almost 14-16 hours each day pays through the nose. When will we improve, if ever!
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