Surveys Conducted Against Shri Maa Group, Shapers Construction, and Parivar Hospital
Bhopal/Gwalior: The Income Tax (I-T) department has uncovered tax evasion exceeding ₹50 crore following surveys at three locations—two in Bhopal and one in Gwalior. The raids were conducted on February 12 under Section 133A of the Income Tax Act, targeting Shri Maa Group, Shapers Construction, and Parivar Super Speciality Hospital.
Shri Maa Group: Unaccounted Expenses Lead to ₹6.2 Crore Surrender
Shri Maa Group, engaged in wholesale mobile distribution, carbon credits, almirah manufacturing, plastic granule trading, and mobile charge vouchers, failed to justify several claimed expenses in its books of accounts. As a result, the group’s companies—Shri Maa Marketing Private Limited, Polyshri Private Limited, and Oyu Green Private Limited—admitted to an additional total income of ₹6.2 crore. The company has committed to paying taxes on the surrendered amount before the due date.
Shapers Construction: ₹15 Crore in Unexplained Expenses and Ceased Liabilities
The I-T department also surveyed Shapers Construction Limited, a company involved in government contracts, sand, and stone mining. The investigation revealed long-outstanding sundry creditors amounting to ₹7.26 crore for Shapers Construction Limited and Rockbed Renovations Limited. When questioned, the company admitted that these liabilities had ceased and agreed to classify them as income under Sundry Creditors Written Off.
Additionally, the company failed to justify various expenses, leading to the admission of ₹7.79 crore as unverifiable expenses. In total, the survey resulted in the disclosure of ₹15.06 crore in additional income, on which the company has agreed to pay tax.
Parivar Super Speciality Hospital, Gwalior: ₹30 Crore in Unaccounted Transactions
One of the largest private hospitals in Gwalior, Parivar Super Speciality Hospital, was also surveyed. The operation covered six premises, including pharmacy and diagnostic centers. Officials discovered substantial unaccounted cash receipts and off-the-books transactions. The total unexplained and undisclosed receipts and expenses across the group exceeded ₹30 crore.
Ongoing Investigations and Tax Recovery
With over ₹50 crore in tax evasion identified, the I-T department is continuing its investigations to ensure compliance and recover dues. The targeted companies have committed to settling the additional taxes on the surrendered income.
