Tarannum's flat attached by IT authorities
Controversial bar dancer Tarannum's flat in Lokhandwala Complex, Andheri has been attached by IT authorities, reports Manish Pachouly.india Updated: Oct 13, 2006 23:36 IST
Controversial bar dancer Tarannum Khan's battle with the Income Tax (IT) department does not seem to be ending any time soon.
The department has provisionally attached her flat in Lokhandwala Complex, Andheri for six months.
As per an I-T notice, dated October 5, the bar dancer won't be able to sell or transfer her two bedroom flat situated in Kamdhenu building for this period and without the prior permission of the I-T authorities.
The I-T authorities are presently assessing the tax to be paid by Tarannum. The assessment is being done since the authorities raided her on August 30 last year. The authorities had then found out that Tarannum had not filed I-T returns for three years in a row.
The authorities had also found that Tarannum had two flats and one shop on her name besides the bungalow "Tanishq" she owned at SVP Road in Andheri. The bungalow itself cost about Rs one crore.
An I-T officer who requested anonymity, as he is not authorized to speak to the media, said that the notice issued under Section 281B of Income Tax Act, 1961 is known to be strong. "Notice under this section is issued when the department finds that a substantial demand can be raised from an assessee," the officer said.
The property, under this section, is provisionally attached to ensure that the assessee does not sell it, "And also to secure the department's demand."
He added that post raids, the assessment work will take about year-and-a-half to complete and hence the section is used to provisionally attach the properties. "If the authorities raise a demand and the assessee fails to pay it, then the said property is finally attached to be auctioned to recover the evaded tax," the officer said.
Though the demand to be made from Tarannum is not yet finalized, I-T officers said that it would be in the region of Rs 35 lakh.
Moreover, following the raid last year, the department had learnt that Tarannum had undervalued the bungalow and showed the cost as Rs 25 lakh. Besides this, the I-T authorities had seized Rs 22 lakh in cash and Rs nine lakh worth jewellery from the bar dancer's bungalow (Tanishq). She had then also told the officers about Rs 1.10 crore, the income which she had not disclosed to the department.
First Published: Oct 13, 2006 23:36 IST