In Ahmedabad, two big heads have come under the sway of the Income Tax department. The I-T Department conducted searches at bSafal group office and residential properties of builders Rajesh Brahmbhatt and Ashok Agarwal. Raids have been conducted at a total of 22 places in the city to examine unaccounted income.
Over 100 income tax officers are investigating the offices and residential properties of the board of directors of bSafal. Unlike the usual time of 6am, this time the raid began at 11am on Tuesday and it is still going on.
Rajesh and brother Rupesh Brahmbhatt’s residential place at Ram Baug, behind Karnavati Club on SG Highway, is under investigation.
Rajesh Brahmbhatt’s broker Pravin Baradia’s commercial properties are also raided by the I-T department. According to sources, the IT department had procured information on income tax theft carried out by these builders and brokers roughly a month ago. Construction is an unorganised sector and they have huge unaccounted income. That’s the reason even the earlier raids this month were carried out on the builders group.
On September 8, the Income-tax department raided the homes and offices of builders, as well as well-known brokers Deepak Ajit Kumar Thakkar and Yogesh Kanaiyalal Pujara.
Rajesh Brahmbhatt, bSafal
Rajesh Brahmbhatt, 52, founded bSafal (Safal Constructions Pvt Ltd: https://bsafal.com/about-us/) on February 21, 1994, in Ahmedabad. He is a civil engineer by education and he worked to create residential and commercial spaces in the city. Its authorized share capital is Rs. 22,000,000 and its paid-up capital is Rs. 3,250,000. It is involved in building complete constructions or parts.
List of company directors includes Rajeshkumar Balwantbhai Brahmbhatt, Manish Girishbhai Shah, Rupeshbhai Balwantbhai Brahmbhatt and Himanshu Madanmohan Patel.
Apart from his business, Rajesh is marathon runner. In 2018, he finished the Iron Man challenge in Dubai -a triathlon including 1.9km swimming, 90km cycling and 21l. km running.
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Earlier on September 25, Income Tax Department has detected tax evasion worth crores of rupees in raids on a leading diamond manufacturer and exporter of Gujarat. The searches were launched on September 22 at 23 premises of the group, which is also in tiles manufacturing business, at Surat, Navsari, Morbi and Wankaner (Morbi) in Gujarat and Maharashtra.
The policy-making body for the tax department said that the group was making its “major purchases” of rough diamonds through imports and making export sales of finished bigger diamonds through its company registered in Hongkong, which is effectively controlled and managed from India only.
