CHENNAI: The Income Tax department on Wednesday conducted searches across the country on premises belonging to a prominent Tamil Nadu-based business group.
The official twitter handle of Income Tax department stated, “About 60 premises are being covered in Tamil Nadu, Karnataka, Andhra Pradesh and Maharashtra. More than Rs 7 crore unaccounted cash has been recovered from a key person so far and the search is still in progress.”
In Tamil Nadu, searches were conducted at the offices and godowns of the business group in Chennai, Karur and Coimbatore districts.
Apart from the offices and residences in Chennai, Income tax department sleuths from Coimbatore carried out a search in the office and go-down of the business group in Puliyur near Krishnarayapuram of Karur district. The officials arrived at the office7 am in three cars and carried out the search. Another team of IT officials conducted the raid at the group’s factory at Keela Pazhuvoor in Ariyalur district.
A total of 15 officers carried out the raid in each location, according to officials. The officials also conducted the search operations at the group’s office at Race Course in Coimbatore on Wednesday as part of raids. The sleuths, attached to the Chennai unit, along with officials from the Coimbatore unit, reached the company around 8am. “The raid is conducted following tax evasion complaints,” said a source privy to the operation and added that the search operation is expected to continue for a few days.