Ludhiana: The investigation wing the income tax department invaded five bicycle manufacturing companies and their sisters and their sisters regarding Thursday.
About 30 department teams, consisting of more than 100 officers, staff and police personnel, carried out a raid simultaneously in various places in the industrial area, focal point, Delagari Kalan and Kanagwal.
They are also looking for housing housing companies in all cities, including city models, Atam Nagar and the Sarabha Nagar area.
This may be the first time the I-T department has invaded so many companies only dealing with making bicycles and spare parts.
The source said the raid had been carried out for the alleged embezzlement of taxes and actual income oppression by several companies.
In a public link among all raid companies, the majority of them are in the manufacturing cycle frame business.
Meanwhile, in several locations where the attack took place, the neighboring factory suspended their operations because of fear.
The department remains closed tightly, with officials who do not divulge information about raids or results.
The majority of officials who are part of the raids come from cities such as Jalandhar and Mohali.
Some brands and brands of cycles raided are cycles of neelam and Seth Industrial Corporation, Gurdeep cycles, Arpan and Gati cycles, Cycle Raka and Willpower, Vishal cycles.
I-T Raids Ludhiana Firm Dealing in Cycles & Parts
