I-T searches 130 premises of Joyalukkas jewellery
Team Udayavani, Jan 10, 2018, 12:38 PM IST
New Delhi: The Income Tax Department today conducted country-wide searches at over 100 stores and other premises belonging to two major south-India based jewellery chains on charges of alleged tax evasion, official sources said. The action is being carried out against Kerala-based jewellery group Joyalukkas and another firm connected with it.
I-T sleuths are raiding 130 premises of the business houses in the cities of Chennai, Hyderabad, Thrissur and other locations in Kerala, Karnataka, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Delhi and West Bengal, I-T sources said.
The action, they said, is aimed at checking alleged tax evasion following demonetisation in the two firms. Tax sleuths detected huge cash deposits and sale figures of gold, diamond and jewellery in their accounts.
The Chennai wing of the department is coordinating the nation-wide action, involving over 100 tax sleuths and a number of police teams, sources said.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
CM Vijayan opens Huddle Global; Says Kerala will be key player in India’s deep tech ambitions
Over 1,80,000 cases disposed off by exclusive POCSO courts: WCD
Blast near PVR in Delhi’s Prashant Vihar, 1 injured
ECI must clarify how voter turnout rose by over 7 per cent after polling ended: Patole
Indian culture resonates globally: PM Modi
MUST WATCH
Latest Additions
CM Vijayan opens Huddle Global; Says Kerala will be key player in India’s deep tech ambitions
Bengaluru to host Aero India 2025 from Feb 10-14
Karnataka cabinet decides to reopen graft case against Ex-CM Yediyurappa and family
Man attacks nurse inside hospital, caught on camera
Special tribute concert for legendary singer SPB to be held in Bengaluru on Dec 8
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.