Tax evasion exposed, investigation continues even today at 43 locations of businessmen

Raipur. On the third day of Income Tax raids in the capital, the ongoing action at 7 locations has ended. The investigation is still going on at 43 locations. Income Tax Department has seized 3 bank lockers. A huge quantity of land papers, cash and jewelery have been recovered from the remaining bank lockers. So far Rs 15 crore in cash has been recovered in the Income Tax raid.

Apart from this, out of the 18 operators of the establishments under investigation, 3 operators have admitted to tax evasion. A 10-member cyber team of the Income Tax Department from Ahmedabad is busy recovering the deleted messages. Raids are continuing at many locations till Monday morning.

Information has been received from Income Tax Department sources that officers suspect that businessmen have committed tax evasion by making irregularities in transactions worth more than Rs 100 crore in the last three years. These figures may increase further. The correct estimate of how much tax the businessmen have evaded will be known only after investigation. It is being told that the entire business of pulses and cold storage has been done through raw transactions.