The Income Tax Department (IT) on Wednesday unearthed an undisclosed income of Rs 175 crore, as well as seized cash worth Rs 3 crore during a raid on groups of civil contractors in Tamil Nadu. According to the report, the Income Tax Department conducted this raid on business groups after receiving intelligence input. Tamil Nadu is due to be introduced soon, which will start from April 6.
In 2019, the Election Commission canceled voting on a parliamentary seat in Vellore after at least 11 crore was seized from a building belonging to the Dravida Munnetra Kazhagam leader. On Wednesday, the I-T department conducted search and seizure action of two groups at 18 campuses in Madurai and Ramnad districts.
Earlier, IT raided the popular Lalitha Jewelery in Tamil Nadu. The Income Tax Department suspects tax evasion on Lalitha. Raids have been conducted at 10 places in the state based on Lalita’s main offices. Lalitha Jewelery is a very popular jewelery place in Tamil Nadu and has been seen releasing various campaigns before the Tamil Nadu elections.
The Income Tax Department said on Thursday that income manipulation and manipulation have been detected during searches at various places involving actress Taapsee Pannu, filmmaker Anurag Kashyap and their associates. Giving information about the raid, the officials said that the production house employees were not able to explain the income of about 300 crores.
Officials also said they found evidence related to manipulation and under-valuation of Phantom Films’ stock transactions between film directors and shareholders, including evidence of tax evasion of Rs 350 crore.