I-T sleuths raid SRM group, seize `6.75 crore & documents
BY Agencies20 Jun 2013 11:30 PM GMT
Agencies20 Jun 2013 11:30 PM GMT
Income Tax sleuths have seized cash to the tune of Rs 6.75 crore, besides documents indicating allegedly inflated expenditure and diversion of funds during their two-day raid on over 25 premises belonging to the SRM group, a top official said on Wednesday.
'Documents indicating receipt of donations, inflated expenditure, diversion of funds of trusts and evasion of income tax were found during the operation', Sanjay V Deshmukh, Joint Director of Income Tax (HQ)(Investigation) said in a release.
Further invesigation was in progress, he added. Operations were on in Chennai, Tiruchirapalli, Delhi, Ghaziabad, Sonepat and Bangalore.
'Documents indicating receipt of donations, inflated expenditure, diversion of funds of trusts and evasion of income tax were found during the operation', Sanjay V Deshmukh, Joint Director of Income Tax (HQ)(Investigation) said in a release.
Further invesigation was in progress, he added. Operations were on in Chennai, Tiruchirapalli, Delhi, Ghaziabad, Sonepat and Bangalore.
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