 "I-T dept alleges tax evasion in Purti group transactions")
Probing Purti Power and Sugar Limited (PPSL) since last year, the department has completed assessments pertaining to the past two financial years and has found evasion to the stated extent, top official sources said.
The group, in its reaction, said it had not received any notice in this regard. A notice is not any indicator of any wrongdoing, it said, adding Gadkari was not associated with the group for the past two years.
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"Our attention has been drawn to reports in a section of media that the income tax department is serving a tax assessment notice to the Purti Group for the last two assessment years. We would like to make it clear that neither the Purti group nor any functionary of the Purti group has received any notice so far," Nitin Kulkarni, PRO, said in a statement.
Adding: "If any tax assessment notice is received, our MD, Sudhir Dive, in consultation with our tax advisors, will give an appropriate response. However, a tax assessment notice is a routine procedure. There are different levels of appeal at various stages. The Purti group will deal with the matter. The tax assessment notice is certainly not any indication of wrongdoing. We would like to place on record the fact that Nitin Gadkari has not associated with the Purti group from last two years."
The I-T department has begun the final scrutiny of documents of all the Purti group companies and the other assessments would be completed by the year end, the official sources said.
While preparing the final assessment orders, the department had taken into cognisance the statement of Gadkari and other senior officials of the group.