Mumbai: Indian Premier League (IPL) Commissioner Lalit Modi is not only in trouble over allegations that he tried to bribe the Kochi franchisee to drop its bid, but now there seems to be a difference in the income tax returns filed by him between the first two IPL seasons. Sources have told CNN-IBN that the income tax department is investigating whether Modi paid less tax after IPL Season 2.
The department is also investigating the amount of tax deduction at source paid by IPL franchisees. Sources say it could amount to tax evasion if TDS was not paid in full.
Income Tax officials have already conducted a "survey" at the IPL headquarters and the office of Modi in Mumbai on Thursday night. They also quizzed Modi on the bidding process of the IPL and ownership of all franchises.
The I-T officials were at Modi's Mumbai office for five hours till 3 am Friday morning. They were investigating the financial dealings of the IPL. I-T sources say the auction process has not been transparent. They have also not ruled out further questioning of other franchise owners. Several documents related to the auction as well as hard disks from Modi's office are now being scanned.
Modi denied that the I-T officials had raided his office.
"There is an inquiry. It is not a raid. The I-T officials are possibly looking for the details of the tender (for Kochi team). We will extend all possible cooperation to them," he said.
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