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Income Tax Department conducts search and seizure operation in Tamil Nadu and Puducherry region in the cases of two groups The Income Tax Department conducted search seizure action in the cases of two groups, primarily running educational institutions engaged in professional courses, on 05.10.2023. These groups are also carrying out other businesses such as distillery, pharmaceuticals, hospitals and hotels, etc. About 100 premises were covered during the search action in Tamil Nadu and Puduc
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FAQ :
The Income Tax Department conducted the search and seizure operation.
The raids took place in Tamil Nadu and Puducherry, covering about 100 premises.
The targeted groups were primarily running educational institutions offering professional courses, and also involved in distillery, pharmaceuticals, hospitals, and hotels.
Preliminary analysis suggests unrecorded fee receipts of over Rs. 400 crore were found.
Incriminating evidence including loose sheets, documents, digital data, unaccounted cash amounting to Rs. 32 crore, and gold bullion worth Rs. 28 crore were seized.
Methods included concealment of fee receipts, bogus claims for scholarship disbursements, claiming fake expenses in the distillery business, and diversion of trust funds for personal expenses or other businesses.
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