IT seized highest Rs. 186.62 Crore value in last 3 years from Ahmedabad:MoS Finance to MP Nathwani

Ahmedabad, 26 February 2013

The director general of income tax (investigation) executed 1750 search warrants in Ahmedabad alone during 2009-10, 2010-11 and 2011-12. In the year 2009-10, Ahmedabad topped the list with 466 search warrants while in the year 2010-11 and 2011-12, it was second among other Indian cities with 585 and 699 search warrants which were executed. During 2010-11 and 2011-12, Mumbai had more number of search warrants, 736 and 758 respectively that were executed than in Ahmedabad.

The total value of assets seized during 2009-10, 2010-11 and 2011-12 from Ahmedabad was Rs 186.62 Crore; from Bengaluru Rs 81.82 Crore, from Chennai Rs 156.38 Crore; from Hyderabad Rs 127.91 Crore, from Mumbai Rs 159.78 Crore and from Pune Rs 164 Crore.

The total number of search warrants executed in Ahmedabad during last three years of 2009-10, 2010-11 and 2011-12 were 1750; second to only Mumbai’s 1828. Ahmedabad, however stood highest with the total value of assets seized during these three years i.e. Rs 186 Crore followed by Pune with a figure of Rs 164 Crore and then Mumbai with Rs 159.78 Crore.

The statement from S. S. Palanimanickam, the union minister of state for finance in reply to a question from MP Mr. Parimal Nathwani revealed above data. Mr. Nathwani wanted to know the number of search and seizure warrants executed by the Income tax department in Andhra Pradesh, Gujarat, Karnataka, Maharashtra and Tamil Nadu during last three years. Since the income tax department does not maintain state wise or person wise details of such operations, the details were given with reference to the jurisdictional directorate general of income tax (investigation), the minister stated.

The minister also informed that total appeals filed by income tax department and pending with supreme court , high courts and appellate tribunal numbered 55,472. Appeals filed by assesses and pending were only 12,859 in all. Overall, 5814 appeals are pending with the supreme court, 31,337 with high courts and 31,180 with income tax appellate tribunal; the minister stated.