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
Independent winner extends unconditional support to BJP
BMW hit-and-run case: HC refuses to release accused Mihir Shah on ground of ‘illegal’ arrest
Those rejected by people trying to control Parliament: PM Modi
SC should take cognisance: Priyanka on Sambhal issue
Two members of banned UNLF held in Manipur
MUST WATCH
Latest Additions
Karnataka HC rejects plea to quash FIR in Rs 69 lakh Amazon scam case
‘Wicked’ and ‘Gladiator’ make gravity-defying theatre debuts
Independent winner extends unconditional support to BJP
Those rejected by people trying to control Parliament: PM Modi
BMW hit-and-run case: HC refuses to release accused Mihir Shah on ground of ‘illegal’ arrest
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.