Raid On Tobacco Group Reveals Unaccounted Transactions Of Rs 400 Crore
NDTV
The department also found over Rs 52 lakh cash and 7 kg gold during the raids, it said.
The Income Tax Department has detected unaccounted transactions of more than Rs 400 crore after it raided a north India-based ''pan masala'' manufacturing group, the Central Board of Direct Taxes (CBDT) said Friday. It said the searches were carried out Thursday on 31 premises -- Kanpur, Delhi, Noida, Ghaziabad and Kolkata -- of the group, also involved in the real estate business. "Preliminary figures indicate unaccounted transactions exceeding Rs 400 crore," the agency said in a statement, without identifying the group. The Central Board of Direct Taxes frames policy for the IT Department.More Related News