The Income Tax sleuths conducted search and seizure operations at Delhi Public School, Chas here on Wednesday. Discrepancy in tax deduction at source, accounts related to income and expenditure, purchase of land, construction, unsecured loans and others has to be verified, said an Income Tax Official.
A 14 member team of income tax sleuths headed by Joint Commissioner, S K Roy and A K Choubey conducted the search operation. The school has been found to have defaulted on submission of accounts details as well as in TDS. The survey is being conducted under section 133 (A) of Income Tax Act and we have found discrepancies over crore rupees, said an IT sleuth.
“Investigation is on, in prima facie school has been found defaulter of over Rs 10 lakhs (approx).
Besides this several irregularities were found during the search and surveys operations, said the official.
Huge numbers of incriminating documents, statements have been sized and we have called the school authority, said an IT official.