No specific instance of terror funds into realty sector: Govt
Posted by propertyagentsindia on May 20th, 2012
New Delhi: The government on Friday said “no specific instance” of flow of terror funds into the real estate sector has come to its notice. “As per the current assessment of revenue intelligence agencies…No specific instance of flow of terror funds into the real estate sector has been found,” Minister of State for Finance S S Palanimanickam said in a written reply in the Lok Sabha. However, he said, “investigations by the Income Tax Department reveal unaccounted or undisclosed income or assets in various sectors of the economy, including real estate.” The intelligence agencies, which carried out the assessment, include Investigation Directorates of Central Board of Direct Taxes (CBDT), Directorate [...]
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