The Income Tax Department on Thursday conducted raids against the media group Dainik Bhaskar in multiple cities over alleged tax evasion, official sources said
Search and seizure on two groups of civil contractors in Southern Tamil Nadu; assessees suspected of booking bogus expenses to understate profits
Properties linked to Bollywood actor Taapsee Pannu and film producer Vikas Bahl were also searched
The action was carried out on February 26 and a total of 20 premises in Tamil Nadu, Gujarat and Kolkata were searched and surveyed, it said
Trading will not be conducted on Friday as well because it is ''Amavasya'' or no moon day, which is considered inauspicious
They said the department initiated action on the basis of inputs of huge cash transactions taking place and the business group's alleged links to these transactions
Kumaraswamy had told the media on March 27 that there was every likelihood of raids as a large number of central security forces had arrived at Kempegowda International Airport (KIA).
Evidence has also been found with in respect of cash expenses to the tune of Rs 20 crore, according to the statement.
Restaurants left untouched, only offices targeted; around 100 I-T personnel involved in the search
Besides the cash, three kg of gold was also recovered