Income tax department conducts survey operation at Jet Airways

Airline is under tax lens for falsification of book of accounts, siphoning of funds

The income-tax (I-T) department has launched a two-day survey operation at the business premises of the Naresh Goyal-controlled Jet Airways in connection with alleged financial irregularities and suspicious transactions, said an I-T source privy to the development.

According to the source, the tax department is examining whether there is any falsification of the account books, siphoning of funds, and issue of suspicious bogus expenses booked to group entities. “Documents have been impounded and the books have been sent for verification,” said the source cited above.

The survey operation, being conducted by 50 tax officials, is taking place under Section 133A