Income Tax dept raids premises owned by 2 business groups in Rajasthan, Maharashtra, Uttarakhand
India Today
The Income Tax Department conducted search operations on two groups and their business entities. The IT sleuths were investigating undisclosed incomes of Rs 55 crore and Rs 150 crore against them.
The Income Tax Department last week carried out search and seizure operations on two groups and their business entities in Rajasthan, Maharashtra and Uttarakhand. One group is engaged in the business of manufacturing electrical switches, wires, LEDs, real estate and hotel businesses in Rajasthan, Maharashtra and Uttarakhand. The other group is engaged in a money lending business in Jaipur and nearby cities.
The search operation, conducted on December 22, covered more than 50 premises spread over various locations including Jaipur, Mumbai and Haridwar. The officials seized a large number of incriminating documents and digital data during the search.
