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The Income Tax Department on Friday conducted coordinated searches across 44 locations linked to eight high-profile contractors, including relatives of two former ministers, over allegations of tax evasion amounting to more than Rs 170 crore. Allegations of Fake Transactions and Tax Evasion Sources within the I-T Department revealed that the searches were initiated following investigations into real estate developers who allegedly assisted Hansita Abhilipsa, accused of accumulating massive wea
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FAQ :
The Income Tax Department conducted searches at 44 locations.
The alleged tax evasion amounts to over Rs 170 crore.
The investigation focuses on eight high-profile contractors, some of whom are linked to former ministers. They are accused of tax evasion, potentially with ties to individuals accused of accumulating wealth through illegal means.
The contractors are accused of evading taxes over the past five years by creating fake labour and construction material bills.
Rs 1.5 crore in cash has been seized during the searches.
The searches were conducted in Bhubaneswar, Balangir, Kantabanji, Boudh, Sonepur, Sambalpur, Jharsuguda, and Raipur (Chhattisgarh).
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