I-T department slaps Rs 750 crore fine on Asaram and son

SURAT: The income tax department in Surat has unearthed Rs 2,500 crore worth of unaccounted transactions of controversial godman Asaram and his son Narayan Sai after 42 bags recovered from Ahmedabad last year were scanned.These bags contained property documents, CDs, CPUs, hard discs and other materials relating to investments, bank deposits, shares and real estate.A detailed report on unaccounted transactions and properties of the father-son duo was submitted to higher authorities in Ahmedabad for further action, sources said, adding, tax liability for the unaccounted transactions and income comes to Rs 750 crore.