Income tax raids on 13 locations of Bharat Hotels Group
- Bharat Hotels Group operates chain of Lalit hotel in the country, with more than 12 luxury hotels across the country.
- Raids on the whereabouts of the group and its officers on January 19, 71.5 lakh cash, 23 crore jewelery seals.
NEW DELHI: Income Tax Department raids 13 locations of Bharat Hotels Group. The group operates Lalit hotel chains in the country. During this time, the tax department has come to know of more than 1000 crores undisclosed foreign assets and black money deposited there. The Central Board for Direct Taxes (CBDT) said that on January 19, the targets of the group and its officials were raided.
According to the CBDT, the tax department has not officially named anyone in this case yet. However, sources told the news agency that Bharat Hotels Group works under the direction of CMD Jyotsna Suri.
Tax evasion of 35 crores was also found
CBDT said – During the raids, tax evasion of 35 crores has also been found. After this, action can be taken against the group under the IT Act and the Blackman Act 2015. Undisclosed foreign assets include hotels and real estate in the UK and the UAE. Apart from this, deposits have also been detected in UAE and other foreign banks. So far, the benami property worth 24.93 crore has been seized in the raid. This includes 71.5 lakh cash, 23 crore jewelery and 1.2 crore precious watches.
Jyotsna takes over Bharat Hotels Group after her husband’s death
Bharat Hotels Groups runs the chain of Lalit Hotel Group. It has more than a dozen luxury hotels across the country. Jyotsna Suri has been associated with Bharat Hotels Group since 1989. She became the group’s chairman and managing director in 2006 after the death of her husband Lalit Suri.
