Income tax notice to liquor trader Sameer Mahendru, his wife in the Delhi excise policy case
The Income Tax Department has issued a show cause notice to liquor trader Sameer Mahendru and his wife in connection with an alleged liquor scam in Delhi.
Sameer Mahendru is the owner of Indospirits.
By Divyesh Singh: The Income Tax Department is currently investigating the Benami properties angle in an alleged Delhi excise policy matter which is being investigated by the CBI and ED. The Benami Property Unit issued a show cause notice to liquor trader Sameer Mahendru and his wife, Geetika Mahendru, in connection with the case.
The Benami Property Prohibition Unit of the Income Tax Department also issued a show cause notice to Khao Gali Restaurant Private Limited, which had obtained an alcohol retail license under the New Delhi’s excise policy, which was later dropped.
WHAT THE DEPT ALLEGED
The IT department sent a notice to Sameer Mahendru and his wife, Geetika. The Benami unit found that Geetika Mahendru was promoting the company Indospirit Distribution. The companies promoted by Mahendru Indospirit Distribution and Indospirit Marketing Private:limited reportedly paid Rs 13 crores to Geetika Mahendru.
Geetika Mahendru allegedly paid money to Geetech Dynamics Systems Private limited and then Geetech Dynamics Systems Private limited allegedly paid money to Khao Gali Restaurant Private limited.
Geetika Mahandru reportedly received Rs 6.01 crore from Indospirit on July 14, 2021 and Rs 1 crore on July 15.
Simultaneously, Geetika transferred him to Khao Gali restaurant on July 14 and 15 for 1.29 crore shares at a price of Rs 10.
Mahendru already has a wholesale distribution license, so they cannot apply for a retail license.
The Income Tax Department has now issued a show cause notice to Sameer and Geetika Mahendru in connection with an alleged excise policy case in Delhi.
Last month, The Directorate of Execution (ED) arrested Sameer Mahendrumanaging director of Indospirit Group, in connection with the agency’s money laundering investigation into an alleged alcohol scam in Delhi.