In a major operation, the Income Tax Department conducted raids at 23 locations linked to a prominent transport company across Rajasthan, Maharashtra, and Gujarat. These include 16 locations in Udaipur, 3 in Banswara, and 1 in Jaipur. The raids, which commenced early Thursday morning, target alleged tax evasion and illegal transportation of goods.
Illegal Goods Transportation Alleged : The transport company, identified as Golden Transport and Logistics, is reportedly involved in unauthorized transportation of goods. Acting on intelligence inputs, the Income Tax Department launched its investigation to uncover large-scale tax evasion. The raids have already unearthed several incriminating documents, which are being thoroughly scrutinized.
Widespread Panic Among Business Circles : The raids, directed by Income Tax Director General (Investigation) Renu Amitabh, have caused a stir in the business community. With simultaneous actions in Rajasthan, Maharashtra, and Gujarat, the crackdown is expected to reveal substantial undisclosed income and tax fraud.
Documents Seized, Tax Evasion Suspected : Preliminary investigations suggest significant instances of undeclared income and tax evasion. The department is examining the company’s financial records, income-expense statements, and additional evidence collected during the operation. Officials are leaving no stone unturned in their efforts to uncover discrepancies.
Coordinated Action Across Three States : The operation is part of a larger strategy to clamp down on tax fraud. The investigation team has been closely monitoring the company’s activities and gathered intelligence before executing the raids.
