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I-T raids on Chennai jewellery, textile stores fetch Rs 7 crore

Representative image I-T sources said these shops were not paying taxes properly. “We wanted to check their accounts as they were evading income tax. As of now, more than 20 places have come under scrutiny. If need be, we will search more areas,” said a senior I-T official. Apart from the shops, the searches were also going on in the residences of the owners and workers. Gandhi Fabrics and Jain Textiles deal in sarees and uniforms for workers in wholesale. “We have information about the owners of the wholesale dealers not maintaining proper accounts and thereby evading income tax. The searches also include premises (of the fabrics and textiles) in Parry’s Corner and Washermenpet. Apart from this, some jewellers connected to the wholesale dealers were also searched,” said the official. The searches took places in shops at T Nagar, Pallavaram and other areas of the city. “So far we have seized unaccounted cash to the extent of ?7 crore.

For the original version including any supplementary images or video, visit https://timesofindia.indiatimes.com/city/chennai/i-t-raids-on-chennai-jewellery-textile-stores-fetch-rs-7-crore/articleshow/64517388.cms

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