I-T Dept. detects unaccounted transactions worth over ₹220 cr.
The Hindu
Two groups were into manufacturing of iron and steel products, coal washery and transportation in Chhattisgarh
Income-Tax searches on two groups into manufacturing of iron and steel products, coal washery and transportation in Chhattisgarh have led to the detection of unaccounted transactions worth over ₹220 crore.
The searches were carried out on more than 35 premises spread over Raipur, Korba, Bilaspur and Raigarh.
The I-T Department seized documents containing a parallel set of cash books pertaining to one group. It contained a systematic record of unaccounted transactions of more than ₹200 crore.
With the clock ticking down to the Lok Sabha election counting day on Tuesday, opposing fronts are perceptibly edgy and poised to continue the rancorous skirmishing that marked the campaign season in Kerala. The United Democratic Front, led by the Congress, is seemingly basking in the “interim victory” granted by various exit polls. The UDF discerns that its poll strategy of turning the polls foremostly into a damning referendum on the Left Democratic Front government’s perceived failures rather than BJP’s “divisive politics” at the national level stood a fighting chance of paying off.