CBDT says received a tip-off that cash, that ‘was to be used in the election’, was kept at the accountant Gurappa Naidu’s residence
During the inquiry, Naidu revealed that in his capacity as a cost accountant he was also giving services to TDP MP Galla Jayadaev
NEW DELHI :
The income tax department has seized ₹45.4 lakh in unexplained cash from a cost accountant in Vijayawada on Tuesday but denied that it held any search on a parliamentarian from the ruling Telugu Desam Party (TDP) in Andhra Pradesh.
The Central Board of Direct Taxes (CBDT) said in a statement that it received a tip-off that cash was kept at the residence of cost accountant Gurappa Naidu, that “was to be used in the election."
“It was only at the time of recording his statement late in the night that he revealed that he was giving services to Galla Jayadaev, MP, TDP also in his capacity as a cost accountant. During the course of search, cash of ₹45.4 lakhs was seized being unexplained," said the statement.
CBDT denied that no other premise except the residence of Naidu was searched. “No premise of Galla Jayadaev was searched," it said.
Income tax department searches on persons liked to politicians have in recent weeks been criticized by opposition parties which accuse the incumbent Bharatiya Janata Party (BJP)-led union government of misusing agencies for what they call ‘vendetta politics’.
The revenue department has in the meantime told the Election Commission of India that its drive against use of unaccounted money in elections was non-discriminatory and irrespective of political affiliations.