Income Tax Department conducts searches in Odisha

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..... Income Tax Department conducts searches in Odisha
News and Press Release
Dated:- 8-12-2020

The Income Tax Department has carried out search and seizure operations on 03/12/2020 in the ca .....

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..... se of a Group involved in the manufacturing and trading of steel products having premises in and around Rourkela, Odisha. The Group entities were booking bogus purchases of around ₹ 170 crore f .....

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..... or two financial years in the name of 17 bogus entities. All the 17 parties have confessed in the statements recorded during the course of search and seizure operation, that they were unaware of any s .....

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..... uch business concerns in their name. It is also observed that the total amount was withdrawn in cash from the bank accounts of these bogus entities. Further, all the proprietors or directors of the bo .....

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..... gus entities are daily wage labourers or from economically weaker sections. Further investigations are going on.
News - Press release - PIB .....

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