STOCK MARKET BSE NSE

Ludhiana firm raided on suspicion of tax evasion

The official said it is suspected that the trader, who engaged in the trade of edible and non-edible oil, was evading tax.

Published: 13th February 2021 10:35 PM  |   Last Updated: 13th February 2021 10:35 PM   |  A+A-

Raids

For representational purposes

By PTI

LUDHIANA: A team of the Punjab State GST department on Saturday carried out a search operation at the premises of a trader here and recovered cash of over Rs 80 lakh from him, an official said.

The official said it is suspected that the trader, who engaged in the trade of edible and non-edible oil, was evading tax.

The team also seized account books from the premises.

Tejveer Singh Sidhu, Deputy Excise and Taxation Commissioner, Ludhiana, said, "The record impounded is being examined for ascertaining the actual amount of evasion involved and further investigation is in progress."



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp