Sources in the department said searches were carried out at over half a dozen firms including M/S Shiw Ganga and Company, Boudh Distillery Pvt Ltd over alleged tax evasion.
The Palair Congress candidate two days back alleged that Chief Minister K Chandrasekhar Rao trying to create trouble for him with Income Tax, ED and other agencies with colluded hands with the BJP.
Unaccounted transactions worth hundreds of crores have also been been unearthed during the raids, sources said on Monday.
Around 40-45 premises in Madhya Pradesh, Chhattisgarh, Delhi and Karnataka are being covered as part of the searches, they said.
The Congress President also called the central probing agencies as "jawans" of Prime Minister Modi.
IT raids various locations in Tamil Nadu allegedly linked to DMK leader Vasugi Murugesan and PWD minister EV Velu
Income Tax officials also conducted searches at the Arunai Engineering College (AEC) in Thiruvanamalai. The AEC was founded in 1993 by EV Velu.
A large amount of incriminating evidence in the form of loose sheets, hard copy of documents, and digital data have been found and seized.
Large scale evidences about receipt of fee which are unrecorded in the books of account and claim of non-genuine disbursement of scholarships have been seized.
According to sources, Chandra Mouli is a close associate of TDP national general secretary Nara Lokesh. He is a civil contractor and is also into aqua and mining businesses.
It was submitted by the organisation that without foreign contribution, it would be forced to shut down, adding that it has come to a grinding halt in the past six months and 23 researchers have left
While I-T sources said the search, currently on in 40 places, has nothing to do with politics, Chief Minister M K Stalin dubbed it as ‘vindictive politics’.
This is a taxpayer friendly measure where an opportunity is being provided in line with principles of natural justice, claimed the finance ministry.
IT Minister calls ex-CM a ‘skilled criminal’, accuses him of indulging in corrupt practices for developing Amaravati
Addressing the TDP's Zone-2 meeting near Kakinada on Saturday, Naidu hit back at the YSRC, saying the ruling party had been making baseless allegations against him as the elections are due next year.
Rajesh congratulated Bevco MD Yogesh Gupta and his team for their tiring efforts to reclaim the amount.
The Income Tax department in a statement said the collections from the direct taxes, which include personal income tax and corporate tax, up to August 10, 2023, continue to register “steady growth”.
The accused has been convicted and sentenced to undergo rigorous imprisonment for four years and to pay a fine of Rs 20,000 under Section 7 of the Prevention of Corruption Act.
The persons admitted to having filed a large number of returns with bogus deductions/exemptions and have got refunds of substantial amounts for their clients.
Further, SFTs filed by the bank were found incomplete in several respects.
Sources said the three Legislators sought time and are likely to be examined on Wednesday or Friday.