IT raids on establishments of 5 businessmen in state

Raipur: The investigation team of Income Tax department conducted raid against five businessmen related to Real Estate, Steel, Marriage p laces ‘Gaurav Garden’ and ‘Gutka’ company.

The team conducted search on about a dozen premises of these Companies here on Tuesday and seized documents pertaining to books of accounts and records and stocks and there are chances of IT evasion worth lakhs by these Companies once the investigation are over.

The IT team in the morning first conducted raid against businessmen Manoj Agrawal at his residence in Samta Colony, Faffadih and factory in Siltara and Kharora and investigations are continuing at all these four places till evening hours It is notable that Manoj Agrawal is associated with Real Estate and ‘Gutka’ business.

A combined team of IT sleuths from Raipur and Jabalpur are conducting investigations at different establishments of Manoj Agrawal. The other IT team conducted raid against Hightech businessman of Steel –Ashok and Vinod Agrawal’s Nandan Steel.

And other IT team is conducting investigation on the premises of Gaurav Garden of Mahesh Vadhwani and at the establishment and residence of Suresh Agrawal of Bhilai. The IT department is reported to have recovered documents in large quantity from all these establishments and after thorough scrutiny of documents and matching the stocks and books of account that clear-cut picture about tax evasion would emerge. It is expected to take at least a day or two to crosscheck all details in this regard.

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