Fresh IT notice to Laloo to clear tax dues

Last Updated: Friday, August 4, 2000 - 00:00

The Income Tax Department has issued
fresh tax demand of Rs 68 lakh to RJD President and former
Bihar Chief Minister Laloo Prasad Yadav for the check period
between 1986-87 and 1996-97.

It sources told PTI that the department had raised a
revised tax demand, including interest, of about Rs 68 lakh
for Laloo Yadav and sent a notice to him on Thursday asking
the RJD chief to clear the dues within 30 days of receipt of
the tax notice.

The move follows the order of the commissioner of income
tax, appeal-2, Patna for reassessment of Yadav`s income for
the period.

The re-assessment increased Yadav`s income for the check
period by over Rs 27 lakh between 1986-87 and 1996-97.
The department had however not raised any tax demand on
chief minister and Yadav`s wife Rabri Devi on the ground that
she did not have any income from dairy business and had only a
limited income from agriculture during the check period when
she was only a housewife, the sources said.

The IT had earlier attached Yadav`s immoveable assets
and had frozen his bank accounts when he had failed to clear
his income tax dues for the check period.

A senior IT official attributed the revised tax demand on
Yadav to the reassessment of latter`s income, re-evaluation of
some of his assets and assessment of some of his moveable
assets like Kisan Vikas Patras which had earlier not come to
the notice of the department.

Report: Zeenext Bureau

First Published: Friday, August 4, 2000 - 00:00

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