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IT deptt raids major auto spare parts company

The Income Tax department has carried out raids on around 50 locations of an auto spare parts company.

The Income Tax department has carried out raids on around 50 locations of an auto spare parts company. It is said that Jai Bharat Maruti group has been raided in Delhi, Haryana and Uttar Pradesh and so far Rs 7 crores has been seized so far. The company provides to auto components to major companies which is why the raid is crucial. There has also been seizure of three kilograms of gold in the raid so far.

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