The Income Tax department is probing tax evasion charges against a Kerala-based firm, in which a director is the daughter of former Principal Secretary to PM T K A Nair, for allegedly receiving Rs 45 crore funds from the Gulf.
Officials said the company based in Thiruvananthapuram, Agrritho International Private Limited, was searched by tax sleuths last month after the department received "actionable" inputs that some undisclosed funds have been sent through an overseas account to the firm owned by a lawyer, Vinodkumar Kuttappan.
Nair's daughter Mini and her husband are the two Directors in the firm which deals in agro-business activities.
Kuttappan and his wife are the other two directors in the firm.
The department is investigating if the amount of Rs 45 crore was sent in an unauthorised and illegal manner from an overseas location and if those were declared by the firm or its owners/directors in their respective Income Tax Returns (ITRs).
The firm was registered in May, 2014 and the department is scrutinisng its financial documents and those obtained from the Registrar of Companies and others.
"The probe is being done to know if the funds were hidden from tax authorities and if it so, this will attract charges of tax evasion," a senior official said.
Nair was Principal Secretary to former Prime Minister Manmohan Singh.Suggest a correction