Income Tax raids in Chennai reveals undisclosed income of more than ₹300 crore
The Hindu
The Income Tax (I-T) department carried out search and seizure operations on two private syndicate financing groups in Chennai and have detected unclosed income of more than ₹300 crore. Apart from thi
The Income Tax (I-T) department carried out search and seizure operations on two private syndicate financing groups in Chennai and have detected unclosed income of more than ₹300 crore. Apart from this unaccounted cash of ₹9 crore has been seized so far. The searches were carried out on Thursday at 35 premises in Chennai.
According to details furnished by the I-T department, the evidence found in the premises of the financiers and their associates revealed that these groups have lent to various big corporate houses and businesses in Tamil Nadu, a substantial portion of which is in cash.
Bengaluru saw one of its worst water crises in 2024 with ground water drying up and several parts of the city scrambling for water. With instances like BWSSB supplying treated wastewater to the construction industry, apartments being permitted to sell water from their STPs to the department, and lakes in parts of Bengaluru and neighbouring districts being filled with water from the 33 STP plants in the city, recycling of water became an important topic of conversation during this period.