Tamil Nadu Distillery Seized

The Income Tax Department has recovered Rs 700 crore unaccounted income during search and seizure operation on two major producers of beer and IMFL (Indian-made foreign liquor) in Tamil Nadu.

Income Tax sleuths today seized over Rs 54 crore of unaccounted cash during searches at multiple premises of a leading Tamil Nadu based distillery in the city. Acting on a tip off about suspected tax evasion and backed up by days of spadework related to the company, income tax officials conducted searches at 12 premises belonging to the Director an...

The Income Tax Department has recovered Rs 700 crore unaccounted income during search and seizure operation on two major producers of beer and IMFL (Indian-made foreign liquor) in Tamil Nadu.

Income Tax sleuths today seized over Rs 54 crore of unaccounted cash during searches at multiple premises of a leading Tamil Nadu based distillery in the city. Acting on a tip off about suspected tax evasion and backed up by days of spadework related to the company, income tax officials conducted searches at 12 premises belonging to the Director an...