Income tax raid on two shops

INCOME tax sleuths raided a cloth centre and a shoe company at posh Golghar market on Tuesday under Cantonment police station and seized accounts book and other documents. The raid conducted on the directive of the joint commissioner Income Tax, was continuing till filing of this report.

INCOME tax sleuths raided a cloth centre and a shoe company at posh Golghar market on Tuesday under Cantonment police station and seized accounts book and other documents. The raid conducted on the directive of the joint commissioner Income Tax, was continuing till filing of this report.

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Two teams led by income tax officer Suresh Kumar and Ram Manohar conducted the raid. Sources said the team had found several discrepancies in the accounts books.

Sources said acting on a tip off that the shop owners were paying less income tax in comparison to their known sources of income, the department conducted a confidential survey and later conducted the raid on their shops. Heavy police force was deployed around the shops and the income tax officials were maintaining secrecy regarding the raid.