New Delhi: The Income Tax Department has
slapped a penalty of Rs 20,000 crore on four associates,
including businessman Kashinath Tapuriah, of Hasan Ali Khan
who is accused of stashing huge amounts of black money in
"A penalty of about Rs 20,000 crore has been slapped on
associates of Hasan Ali Khan," Revenue department sources
Besides Tapuriah, who is in Enforcement Directorate`s
custody, the Pune-based stud farm owner`s three associates are
Chandrika Tapuriah, Syed Ahamad Abbas Naqvi and RM
Investments and Trading Company Pvt Ltd. Chandrika Tapuriah is
the wife of Kashinath. They faced a tax demand of Rs 13,000
crore over which penalities have been added.
Hasan Ali is facing a Rs 70,000 crore tax demand notice
from the I-T department as well as the Enforcement Directorate
(ED). He is in judicial custody now.
According to a report of the Comptroller and Auditor
General of India (CAG), Hasan Ali and Tapuriahs owe the
government about Rs 75,000 crore in taxes.
It also said that out of Rs 2 lakh crore that remained
uncollected in 2008-09, "one group namely Hasan Ali alone
accounted for Rs 71,874 crore of uncollected demand".
CAG also said Hasan Ali`s income multiplied by over 100
times in six years from Rs 529 crore to Rs 54,268 crore in