more-inThe recent searches at ‘Veda Nilayam’, home of late Chief Minister Jayalalithaa, resulted in the seizure of crucial evidence relating to suspected tax evasion, a top official in the Income Tax department said on Tuesday. Sleuths of the Income Tax Department’s Investigation Wing searched the rooms occupied by V.K. Investigators claimed that the searches were based on a specific input that some persons had conspired to clandestinely remove crucial evidence from ‘Veda Nilayam’. As regards foreign accounts and investments, the matter will be referred to the Foreign Tax and Tax Research (FTTR) for investigation,” he said. “We want to make it clear that we did not enter the room used by Jayalalithaa or others in Veda Nilayam.

Source: The Hindu November 29, 2017 02:26 UTC