I-T raids Chennai-based biz group, detects Rs 700 crore tax evasion

The income tax department detected Rs 700 crore tax evasion by a Chennai-based group during searches on its premises on December 9. The department seized Rs 23 crore in unaccounted money and found foreign assets to the tune of Rs 110 crore in the form of fixed deposits.

from Chennai News: Latest Chennai News Headlines & Coronavirus News Updates from Chennai - Times of India https://ift.tt/3gTlk7s