Bharat Express

Income Tax Raid

On Thursday, the IT department raided many premises connected to different alcohol manufacturing companies in Odisha and Jharkhand, seizing approximately ₹300 crore.

After complaints of tax theft and unaccounted transactions, the Income Tax department officials initiated a raid on Thursday morning.

The Income Tax Department is conducting raids in Delhi, Uttar Pradesh, and Haryana

Chennai’s income tax (IT) team carried out searches on Bangalore-based real estate and stock market-listed company Sobha. Offices and other premises are being raided all over India by the IT department for alleged tax evasion. Clearly, this is a raid, not a survey. The premises of top officials and key management persons are also covered …

Edelweiss Group: So far the entire information has not been revealed about what kind of documents have been recovered in the raid by the Income Tax Department team and for how long this raid will continue..