I-T dept conducts raids at dozen premises in Karnataka on expenses of tax evesion

I-T dept conducts raids at dozen premises in Karnataka on expenses of tax evesion


The raids are being carried out in state capital Bangalore, Hassan and Mandya and the division mentioned the motion is aimed towards tax evaders and blackmoney turbines

twitter-logo PTI        Final Up to date: April 16, 2019  | 12:31 IST

The Earnings-Tax Division Tuesday mentioned it’s conducting searches at a couple of dozen premises in Karnataka on expenses of tax evasion.

The raids are being carried out in state capital Bangalore, Hassan and Mandya and the division mentioned the motion is aimed towards tax evaders and blackmoney turbines.

Official sources, nonetheless, indicated that hyperlinks of those individuals with respect to ongoing polls may even be part of the investigative operation.

“The searches are based mostly on credible intelligence that sure businessmen have earned revenue not disclosed to tax and are in possession of undisclosed property.

“Taxpayers coated within the search operations are engaged within the enterprise of actual property, quarrying and stone crushing, executing authorities contracts, working petrol bunks, noticed mill and managing cooperative banks,” the division mentioned in an announcement.

These are sectors, it added, that are “inclined” to era of blackmoney.

It mentioned 5 residences in Hassan, one every in Bangalore and Mandya together with their enterprise premises are being coated as a part of the search operations.

A few dozen premises are being searched, sources added.

28 Lok Sabha seats within the state will go to polls in two phases on April 18 and 23.

Additionally learn: Lok Sabha Election 2019: Earnings tax officers raid MLA hostel in Tamil Nadu

Additionally learn: Richest Lok Sabha candidate Jayadev Galla cries foul after I-T raid in firm’s premises





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