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NAVJOT SINGH SIDHU ADMITS HIS FAULT; DEPOSITS RS 52 LAKH AFTER HIS BANK ACCOUNTS WERE SEIZED

By Nanki Ahluwalia . 30th March 2018 09:30pm
NAVJOT SINGH SIDHU ADMITS HIS FAULT; DEPOSITS RS 52 LAKH AFTER HIS BANK ACCOUNTS WERE SEIZED

The tourism minister of Punjab and former Indian Cricketer ‘Navjot Singh Sidhu’ is back in the news. After the IT department seized his bank accounts. The politician has now admitted his fault and has deposited Rs. 52 lakh in the IT department. He was charged with tax evasion for the financial year 2015. According to the reports, Sidhu showed huge expenses; Rs 38,24,282 lakh in travel, Rs 28,38,405 lakh on apparel, Rs 47,11,400 lakh on employees salary, and Rs 17,80,358 lakh on fuel. However, he failed to show supporting bills, as demanded by the Income Tax department. Since the authenticity of the transactions could not be established, 30 percent of the total expenses were disallowed in order to prevent leakage of revenue. The IT department warned him with three consecutive reminders before taking any action against him. "Navjot Singh Sidhu had gone in to appeal against the order on January 17 last year, but the Commissioner of Income-tax (Appeals) or CIT (A) passed the order favoring the revenue and not provided any relief to him, as he had failed to provide any documentary evidence in support of his claim," an official statement noted. As a result of which the income tax department seized two of his bank accounts. But Sidhu insisted that he has always paid his taxes and has never evaded his taxes for the past 10 years. However, according to the recent reports he has now deposited a sum of Rs. 52 Lakh in the IT department which shows that he has admitted his fault. His team tried to downplay the whole issue by saying that it was a minor matter of not depositing the bills, but when it comes to paying taxes he has always done that on time. The issue arose out of the reimbursements that he had demanded from the IT department for his expenses in the year 2015.