I-T dept crackdown on industrial unit

Income-Tax department, Rajkot Circle, has carried out search operation at a industrial unit here today, I-T department sources said.

The search operation was carried out at six business and resident premises since this morning, sources said.

The industrial unit's Mumbai offices were also being search, sources said adding the department was expecting to unearth major duty evasion from the firm.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Why state-owned companies attract poor valuations

    As reported in this paper on Tuesday, there is a major variance in price earnings multiples that various sectoral indices are fetching under present m

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Praful Bidwai

When protectors turn poachers

As the economy st­utters, many business leaders fear that the ...

Parvez Imam

Looking at life with our eyes wide shut

How many times do we rerun the same story in ...

Dharmendra Khandal

Fungus: The oldest industrial micro-organism used by man

The 2005 tiger crisis witnessed many tigers being poached from ...