The group has a pan-India presence having an annual turnover exceeding Rs 6,000 crore. A total of 23 premises were covered in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh, in the search operation.
The ITD swooped on the homes and offices of Rahul Kanal, a Trustee of Shri Saibaba Sansthan Trust, Shirdi, a confidante of Tourism Minister Aditya Thackeray.
A team of tax department officials is undertaking the raids against Yashwant Jadhav, also the chairman of the BMC standing committee.
The IT official reached Noida Sector 50 on late Sunday evening. The search operation is still going on and the officials would brief the media once the search operation is over, the source added.
The I-T department also seized Rs 5 crore cash and jewellery of a similar value (Rs 5 crore) during the raids on the two groups
According to media reports, to avoid being in the limelight, the businessman used an old scooter back at his native place Kannauj. In Kanpur, he reportedly only had two old cars at his disposal.
According to sources, the smartphone companies were allegedly violating rules and norms to evade taxes and were on the radar of several probe agencies, including the I-T Department.
Five poll-bound states are Uttar Pradesh, Uttarakhand, Manipur, Goa and Punjab. Elections in these states will be held in February-March next year.
Akhilesh Yadav's allegations came a day after four of his close associates were raided by Income Tax officials in Uttar Pradesh. Yadav said that the raids were an indication that the BJP was going to lose the election.
The comments came a day after Akhilesh Yadav's personal aide and other associates were raided by Income Tax officials.
During the search, documentary evidences were found and seized indicating receipt of unaccounted cash as well as utilisation of the same towards purchase of land.
The CBDT said the group engaged in the business of chit fund was running an unauthorised business and all the investments and payouts of more than Rs 400 crore in the last few years were done entirely in cash.
NCP Chief Sharad Pawar condemned the raids and called them 'politically motivated'.
The Income Tax Department has conducted searches on a company engaged in trading of telecom equipment and installation and servicing of these items for various telecom players in India.
At least three people, including Deb and two of his employees Indrajit Shaw and security personnel Arbinda Baidya have been arrested in connection with the case so far.
Gone are the days when it was said that two actresses cannot be friends. Actress Samantha Akkineni and Taapsee Pannu are examples that two stars can give each other a healthy competition and yet be great friends. The two are often seen commenting on each others post. Strong women support each other. Recently actress Samantha Akkineni took to her social media and dedicated a post to Taapsee Pannu.
After three days of search and IT rais at Bollywood actress Taapse Pannu's house, she finally broke her silence about the same. The actress took to Twitter and said, "not so sasti” anymore."
The residence of Bollywood filmmakers Anurag Kashyap, Vikas Bahl, actress Taapsee Pannu and others have been raided by the Income Tax department in Mumbai. Now, Taapsee's boyfriend, former badminton player Mathias Boe has tweeted about the ongoing situation and he revealed that Taapsee's parents are under stress because of the raids.
During the Income Tax department searches, that were carried out at over 30 locations in Mumbai and Pune, including the premises of noted film director Anurag Kashyap, actor Taapsee Pannu, filmmaker Vikas Bahl, and executives of Kwann Talent management, evidence of huge suppression of income by the leading Film Production house compared to the actual box office collections has been unearthed.
In a massive action against some big Bollywood personalities, the Income Tax department on Wednesday carried out searches at over 30 locations in Mumbai and Pune, including the premises of noted film Director Anurag Kashyap, actor Taapsee Pannu and filmmaker Vikas Bahl.
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