There were sudden raids for four days at a time. Before the traders and businessmen could understand anything, the officials of the Income Tax Department have taken action by raiding. Taking action against tax evading traders and businessmen, documents of transactions in cash and raw paper have been seized.
Action against scrap dealers in Solapur city
Two months ago, the Income Tax Department raided various hospitals in the city and confiscated Rs. In this action, punitive action was taken against the hospitals of the city. 100 crore malpractice was brought to light in the action against the hospital in the city. For four days from Monday to Thursday, raids were conducted on traders selling beef, scrap, construction materials in Asara Chowk area, Hyderabad Road, Kumtha Naka area. Shocking information has come to light that these businessmen have stolen the tax by buying large quantities of scrap and materials in cash.
A discrepancy of Rs.50 crores was found
In the operation conducted in Solapur, a discrepancy of around 50 crore rupees has been found in the transactions between businessmen and traders. Scrap dealers have shown lower purchase rates. Income tax authorities have seized documents containing raw records. A large amount of tax evasion has taken place through cash transactions. Investigation is going on since when this tax evasion took place, who else is involved in this tax evasion.