Quick Summary
The Income Tax department on Monday concluded its raid on the premises of packaging company Uflex after six days. According to sources, the agency has seized evidence to the tune of Rs 4,000 crores and unaccounted income of around Rs 1,001 crore. The searches were conducted in more than 80 loc
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FAQ :
The raid on Uflex's premises concluded on Monday after lasting for six days.
According to sources, the agency seized evidence to the tune of Rs 4,000 crores.
The agency reportedly found unaccounted income of around Rs 1,001 crore.
The searches were conducted across more than 80 locations throughout the country.
Over 100 hard disks and 50 diaries containing information about alleged bogus transactions were seized, along with 28 sealed bank lockers.
The Income Tax Department will scrutinise the seized documents, call concerned persons for enquiry, and the assessment unit will determine the tax liability on the undisclosed income.
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