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HomeTop NewsIncome-Tax officers raid dozen locations in Karnataka

Income-Tax officers raid dozen locations in Karnataka

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The Income-Tax officers on Tuesday conducted raids at about a dozen premises in Karnataka on charges of tax evasion. The raids were conducted in Bangalore, Hassan, and Mandya. The Income-Tax department said that the action is aimed against tax evaders and black money generators.

According to an official, links of these persons with respect to ongoing polls will also be a part of the investigative operation. The searches are based on credible intelligence that certain businessmen have earned income not disclosed to tax and are in possession of undisclosed assets. Taxpayers covered in the search operations are engaged in the business of real estate, quarrying and stone crushing, executing government contracts, operating petrol bunks, sawmill and managing cooperative banks. These are sectors, which are prone to generation of black money. The 28 Lok Sabha seats in the state will go to polls in two phases on April 18 and 23.

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