The Income Tax department has cited that the Punjab Minister and former cricketer Navjot Singh Siddhu has failed to provide any documentary evidence and has now moved in to seize two bank accounts of his.
The action comes about in view of what IT department alleges to be non-payment of taxes.
It need be recalled that while the former cricketer’s tax dues stand at Rs. 52 lakh, payments to be made were towards dress expenses (Rs. 28,38,405), tour and traveling expenses (Rs. 38,24,282), salary expense (Rs.47,11,400) and petrol and diesel expenses (Rs. 17,80,358).
The IT department maintains that Siddhu has so far not provided any bills or invoices in support of his claim during the course of assessment proceedings.
IT sources explained that 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 assessee 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 favouring the revenue and not provided any relief to the assessee.>