Evasion of Rs 6.37 crore detected at industrial unit

CHANDIGARH: Income tax sleuths allegedly detected tax evasion worth Rs 6.37 crore from an Industrial Area-based manufacturer of power distribution towers on Monday.
With this, the total tax evasion detected by IT sleuths during raids and surveys conducted in the region over past two months has crossed Rs 100 crore. Teams from the office of commissioner of income tax (CIT-I) conducted the survey at RK Infrastructures.
The sleuths were headed by additional commissioner Yogesh K Verma and assistant commissioner Ritu Sharma. Assessees had made cash investments in three commercial properties without paying taxes. They have agreed to pay tax at the earliest, CIT-I GS Randhawa said.
Officials stated that the operation began at noon. We are looking at files stored in the company���s computers, added Randhawa.
Notably, the current surveys come after I-T officers detected tax evasions worth around Rs 10 crore from an automotive company having units in Chandigarh, Nalagarh and Lalru.