In the run-up to the January 30 Assembly polls,a total of Rs 33.65 crore was seized in connection with about 300 cases by the static surveillance teams of the Election Commission of India (ECI) and handed over to Income Tax department.
Sources,however,said that about Rs 20 crore has been returned to its owners after verifying that the money they were carrying was legitimate and not black money.
Director Investigations of Income Tax (Punjab) H S Sohi said,The static surveillance teams have referred some Rs 33.64 crore to our department,after verifications Rs 20 crore was returned. The rest of the amount has been seized by the department and now these cases have been referred to respective income tax zones for further verification. In genuine cases the amount will be returned if the owners show the seized amount in their income tax returns.
In case the concerned owners failed to file returns showing these amounts,the income tax department could re-open their returns for the past six years,as per income tax rules, he added.
Sources said that a static team seized Rs 2 crore from a van,which was collecting money from various branches of ICCI bank. The money was later returned.
In another incident,a thief was arrested by Khanna police and Rs 18 lakh was recovered. In the interrogation,the thief told the police that the money was stolen from a beauty parlour.
Police questioned the owner of the parlour,who could not provide a source for the money. The case was handed over to the income tax department and the thief was sent to judicial custody.
The Punjab Excise and Taxation department had suspended three officials and suspended the license of one wholesale vendor and after verification will destroy or return the liquor seized.
Excise and Taxation Commissioner (Punjab) Venu Parshad said,Three inspectors of the department have been suspended as irregularities were detected in LI (wholesale) vends. The department will first verify whether the seized liquor was meant for the elections, he said.