New Delhi: A day after the tabling of the Pathak Authority Report and the Action Taken Report (ATR) on it in Parliament, authorities have swung into action to look into Income Tax and customs duty evasion against Natwar Singh's son Jagat and his associates Andaleeb Sehgal and Aditya Khanna on the $ 1,93,000 commission by their companies in the Iraqi oil contracts.
Finance Ministry officials said that as mentioned in the ATR, the Central Board of Direct Taxes and Central Board of Excise and Customs have been asked to examine these aspects.
Taxmen would find out if there was any Income Tax evasion on commission on contracts secured by Andaleeb Sehgal, Jagat's relative and friend Aditya Khanna during the Saddam Hussein regime under the UN oil-for-food programme in 2001, officials said.
Even if income earned was through Illegal means, the beneficiaries would have to pay Income tax, officials said adding the investigation was simple.
All that the taxmen would have to do is to go through their income tax returns and find out whether they had evaded tax on this count, they said. If they have, then they could be prosecuted apart from being asked to pay penal interests, as tax evasion is a criminal offence, the officials said. They would also examine if there were customs duty violations in the export contracts.
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