New Delhi, Mar 04: The Income Tax Department carried out search and seizure operations on two groups of civil contractors in Southern Tamil Nadu.
Searches and surveys were conducted in 18 premises mainly in Madurai and Ramnad districts.
The Income Tax Department (ITD) has unearthed black money of over Rs 215 crore after it conducted multiple raids over the weekend against two real estate groups who were selling land and farmhouses on the Yamuna plains to high-end investors in the national capital, officials said.
On Wednesday, the Income Tax department conducted a series of raids on Bitcoin exchanges around the country. Raids were conducted at Delhi, Bengaluru, Hyderabad, Kochi and Gurugram.
The Income Tax department has found incriminating material during its raids on the Jaya TV office and other places that were conducted on Thursday.
As part of ‘Operation Clean Money,’ the Income Tax department raided the offices of Jaya TV in Chennai. The raid which began at 6.30 am was carried in 187 other locations as well.
The Income Tax department conducted raids in nearly 187 locations in Tamil Nadu, Andhra Pradesh and Delhi.
Karnataka Chief Minister, Siddaramaiah threw open a challenge to BJP’s national president Amit Shah and said that his government in Karnataka cannot be dislodged. Shah may have succeeded in Uttar Pradesh, but will not be able to repeat that in Karnataka, Siddaramaiah said.
Nearly Rs 300 crore worth undisclosed income is under the scanner following the raids on Karnataka’s Energy minister, D K Shivakumar. The Income Tax department conducted raids at multiple locations including the residence of the minister between Wednesday and Friday.
After the Income Tax raids on D K Shivakumar, the question now is what next. He is currently consulting with his legal advisors after the IT department issued summons to him. The IT department had conducted raids on Shivakumar and his associates at various locations for over three days.
The raids at the residence of Karnataka minister D K Shivakumar have ended. The Income Tax department had carried out raids for the past three days at his residence and 63 other locations.
Vicky Nanjappa 