Jammu and Kashmir
JAMMU, 1 April: Despite several attempts by the bureaucrats the Income Tax Department has finally realized Rs 21.76 crore tax from the Jammu Development Authority (JDA) after tightening noose around the officers at the helm of affairs in the Authority. Now, the IT sleuths are laying focus on recovery of Rs 34 crore tax from the Srinagar Development Authority, which too falls in the list of defaulters.
The Division Bench of State High Court comprising Chief Justice N Paul Vasanthakumar and Justice Tashi Rabstan few days back had directed the Jammu Development Authority to deposit 50% of the demand amount before the Deputy Commissioner of Income Tax within a period of four weeks.
Actually, the JDA had to pay Rs 44 crore tax on the income generated through its commercial activities. But despite explicit directives of the High Court there was no compliance from the Jammu Development Authority, which continued to adopt dilly-dallying tactics.
“It is for the first time ever since the establishment of JDA in 1970 that it was compelled to pay tax on the income being generated through its commercial activities”, sources said.
According to the sources, Srinagar Development Authority is the next target of the Income Tax Department as it is also created on the analogy of JDA and is carrying out the commercial activities on the lines of JDA.
“The income being generated by the Srinagar Development Authority (SDA) is also taxable”, sources added.
When contacted, Principal Commissioner of Income Tax, J&K Circle, Sangeeta Gupta confirmed recovery of Rs 21.76 crore tax from the JDA after hectic efforts by the department. “We will make sure that SDA also pays due tax”, she added.