New Delhi: The Income Tax Department on Thursday
expressed difficulty in recovering Rs 74,000 crore tax claims
from Pune-based stud-farm owner Hasan Ali Khan, saying he does
not have enough assets.
"Hasan Ali does not have enough assets to meet the tax
liability," an I-T department official said.
Khan, who is accused of stashed huge funds in tax havens,
was taken into custody by the Enforcement Directorate on March
17 and later sent to a Mumbai jail.
The 53-year-old businessman is suffering from diabetes
and various other ailments.
He was also arrested in 2008 and faces criminal charges
under the Passport Act for allegedly obtaining six passports
from different parts of India, but was given bail in January
The department which has been given a tax collection
target of Rs 5.32 lakh crore for this fiscal, is facing a huge
challenge to recover tax arrears estimated at Rs 2.02 lakh
"About 1.95 lakh crore is difficult to recover," the
Yesterday, the government had set up a committee to
suggest ways to trace chronic tax defaulters, reveal their
identity to the public and recover taxes.
Meanwhile, a top revenue official said the direct tax
collection target for 2011-12 is achievable.
"I don`t think so," he said when asked if tax collection
could be impacted in the backdrop of likely moderation in the
The net direct tax collection, gross mop up minus
refunds, during the first two months of the current fiscal
fell by 47.93 per cent, mainly on account of doling out of
However, the gross direct tax collection during April-May
went up by 37.34 per cent to Rs 50,405 crore over the same
period last year.
The revenue official said the gross tax collection was
"So there is no proposal for any revision of direct tax
collection target for the year," he said.
Finance Secretary Sunil Mitra, while addressing a tax
conference yesterday, had expressed apprehensions about the
revenue collection target for the year.
"Meeting the revenue collection targets in 2011-12 will
not be an easy task to accomplish," he had said.
Net direct tax collections were down by 47.93 per cent at
Rs 12,954 crore during the first two months of the current