“Congress Rajya Sabha member Dhiraj Sahu, who was in the news following a ₹350 crore cash recovery from his premises, has revised his income tax returns and paid taxes for ₹150 crore,” according to sources.
He contended that a portion of the recovered cash pertained to business transactions in the current financial year, necessitating filing in the next fiscal year. “Of the total cash recovered, ₹50 crore remains unexplained, leading to anticipated penalties and taxes,” sources told ANI.
According to sources, Mr. Sahu attributed this cash to business turnover, leaving the resolution for the upcoming return filings in July. The revision of returns is permissible to rectify errors or omissions under income tax rules.
