The Income Tax Department (ITD) is conducting investigation in around 100 locations across four major cities, namely Delhi, Mumbai, Chennai and Hyderabad. In Mumbai, the Directorate is conducting a search operation on a jewellery group and has so far recovered cash worth Rs. Hyderabad Directorate is carrying out investigation in more than 25 premises of a group engaged in chit fund business. Meanwhile, searches are also underway in Delhi at 26 premises, involving a leading business group engaged in commodity imports. The Government crack down on tax evaders is set to intensify in the coming weeks, with more such actions planned across the country.

Source: dna April 07, 2017 14:26 UTC