Quick Summary
Income Tax department raided several premises of Kalpataru Group on August 4, 2023. The searches were conducted at around 30 premises in four states, including Maharashtra, Gujarat, Rajasthan, and Karnataka. The premises that were raided include the residences of Kalpataru Group founder Mofatraj Munot and Managing Director Parag Munot, as well as the offices of several group companies. The searches were reportedly conducted in connection with an investigation into alleged tax evasion by the K
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The Income Tax department raided several premises of the Kalpataru Group on August 4, 2023.
Around 30 premises were searched by the Income Tax department.
The raids were conducted in four states: Maharashtra, Gujarat, Rajasthan, and Karnataka.
The residences of Kalpataru Group founder Mofatraj Munot and Managing Director Parag Munot were among those raided.
The searches were reportedly conducted in connection with an investigation into alleged tax evasion by the Kalpataru Group, including accusations of underreporting income.
The group's shares fell by more than 3% on the Bombay Stock Exchange following the news of the raids.
CAclubindia
