IT Dept Conducts Raids At 40 Premises, Detects Tax Evasion Amounting To Rs 400 Cr

The Income Tax department conducted raids at over 40 premises, in a case related to a business engaged in manufacture of Indian Made Foreign Liquor (IMFL), hospitality, entertainment, etc. The raids were conducted in Villupuram, Chennai, Puducherry, Coimbatore and Hyderabad. Following the raids, incriminating documents were seized. It has been revealed that the business was indulged in the offense of tax evasion, amounting to Rs 400 crore.