Income Tax:

📌 Key Highlights

• 🔹 Income Tax Department has intensified its scrutiny of Azam Khan’s Jauhar Trust.
• 🔹 Bank deposits were found to be two to three times higher than the income declared in Income Tax Returns (ITRs).
• 🔹 The department has sought details of donations received from 11 allegedly suspicious firms.
• 🔹 Authorities are also seeking a complete account of the billions of rupees spent on Jauhar University.
• 🔹 If satisfactory explanations are not provided, the case could reportedly be referred to the Enforcement Directorate (ED) for further investigation.

Income Tax Department Tightens Probe into Jauhar Trust

Even as the demolition of 38 buildings at Jauhar University remains temporarily stayed by the Divisional Commissioner’s court, Azam Khan’s legal and financial troubles have intensified.

The Income Tax Department has now launched a detailed examination of the funds spent on the construction and development of Jauhar University. Officials have reportedly sought complete financial records explaining how thousands of crores were raised and utilized by the Trust.

According to officials familiar with the matter, the Trust has not yet submitted satisfactory details regarding the expenditure, prompting further scrutiny.

🚨 ED Referral Possible

Officials are examining whether the financial transactions comply with tax laws.

If the Trust fails to explain the source and utilization of funds, the Income Tax Department may reportedly consider referring the matter to the Enforcement Directorate (ED) for investigation into possible financial irregularities.

📂 Registration Cancelled, Four-Year-Old Documents Under Fresh Scrutiny

The Income Tax Department has already cancelled the registration of Jauhar Trust over alleged irregularities.

Investigators are now re-examining documents seized during searches conducted around four years ago. Officials have also noted that the Trust filed Income Tax Returns for only four financial years, raising additional questions about its financial reporting.

📊 Huge Gap Between Declared Income and Bank Deposits

One of the most significant findings in the ongoing investigation is the wide difference between the Trust’s declared income and the money deposited into its bank accounts.

📈 Income Tax Department Raises Red Flags

According to the department, the deposits in the Trust’s bank accounts were approximately two to three times higher than the income declared in its tax returns.

Investigators are now seeking explanations for these discrepancies and examining whether the transactions accurately reflect the Trust’s actual financial activities.

🏢 Donations from 11 Firms Under Investigation

The Income Tax Department has also sought complete details of donations received between 2015 and 2020.

Particular attention is being paid to contributions allegedly made by 11 firms that investigators reportedly suspect may not have genuine business operations.

Officials have asked the Trust to provide:

• 📄 Identity of the donor companies
• 💰 Amount donated by each firm
• 📑 Supporting financial records
• 🏦 Banking transaction details
• 📋 Documents establishing the legitimacy of the donations

According to reports, several of these companies are suspected of being shell or bogus entities. The department is now verifying whether the donations complied with applicable tax laws.

🏛️ Questions Over University Funding

The Income Tax Department is also seeking a detailed breakdown of the funds allegedly spent on the construction and expansion of Jauhar University.

Investigators reportedly want documentary evidence showing:

• Construction expenditure
• Contractor payments
• Source of funds
• Donation utilization
• Accounting records

Failure to provide satisfactory records could lead to further action under relevant financial and tax laws.

📌 What Happens Next?

The investigation remains ongoing.

Authorities are examining whether the financial transactions disclosed by the Trust are consistent with its declared income and statutory filings. Depending on the outcome of the investigation and the explanations provided by the Trust, the Income Tax Department may decide on further legal action, including a possible referral to the Enforcement Directorate.

At this stage, the allegations remain under investigation, and no final findings have been announced by the authorities.

🔍 Keypoints

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