New Delhi: The government on Saturday claimed that the search carried out by the Ministry of Income Tax in nine cities in 32 group locations with a variety of interests had revealed proof of income that was not disclosed by Rs 700 Crore and fictitious transactions into the 2,200 crore RS tone for a period of six years , “Quantum escape revenues using this modus operandi (booking fake expenditure through the Shell company), is detected so far, the number is 700 crore for six years,” the Ministry of Finance said.
Although the official statement did not mention the group’s names, it followed a raid on Bhaskar Group, a media entity who had an interest in other sectors as well.
The Ministry of Finance issued a separate statement about the I-T department’s actions against the up-centric group.
It is said to be searched in Lucknow, Basti, Kanpur, Varanasi and Kolkata raising evidence “stipulates that the group has produced outstanding books through mining, processing and sales in liquor, flour business, real estate, etc.
Countless income from the transaction It has been found to exceed RS 90 Crore according to the initial estimate “.
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