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October 20, 2017

Income Tax defaulters: They have to pay 1000s of million Rupees in taxes but are not traceable


Newsroom24x7 Staff

New Delhi: There are at least a hundred Income Tax defaulters in the country with their tax liability running into tens of million to hundreds and thousands of million Rupees and most of these defaulters are untraceable, according to the Income Tax Department.

The biggest Income Tax defaulter is late Uday M Acharya with whopping tax arrears of Rs. 7790.4 million

His legal heirs are Amul Acharya (Son) and Bhavana Acharya( wife). The Income Tax department has reached a dead end when it comes to tax recovery in his case and has noted on his file that there are no assets or assets are inadequate for recovery of tax. Acharya’s tax arrears relate to assessment years 1997-98, 1998-99, 1999-00, 2000-01, 2006-07, 2007-08, and 2008-09. His last known address was E/02, Zarana Enclave Aasha Nagar, W E Hhighway, Borivali(E), Mumbai-400066.

Patheja Brothers, Forgings and Auto Parts manufacturing Company Limited, located at 20, MIDC Bhosarui, Pune (last known address) have Rs. 2240.5 million as accumulated Income Tax dues.

Tax arrears in this case have piled up for Assessment Years 1994-95, 1995-96, 1996-97, 1997-98, and 1998-99.

The Board of Management of this company included:

  1. Man Singh Patheja, CMD
  2. M. Sudhendranath: Nominee Director
  3. C. L. Ghalsari: Nominee Director
  4. G. S. Patheja: Director
  5. N. C. Shahane: Director
  6. P. S. Patheja: Director
  7. V. S. Patheja: Joint Managing Directeor

The Income Tax department records say that that this Assessee is not traceable.

Royal Fabrics Private Limited, whose Director Zakki Abdul Hassan, resident of 17-3-516, Shoukat Mansion, Yakutpura, Hyderabad owes Rs. 1589.4 million as tax arrears for the Assessment Years 2001-02, 2002-03, 2003-04, and 2004-05. Even this Assessee is not traceable as per IT department records.

Anothre Assessee Irfan Ahmed, C/O Irfan Ahmad & Brothers, resident of 177/62, Gwaynne Road, Aminabad, Lucknow has to pay a tax arrear of Rs. 2574.4 million for Assessment Years 2005-06, 2006-07, 2007-08, 2008-09, and 2009-10. Even he is not traceable.

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