Pvt group to deposit Rs 31 cr for tax evasionhttps://indianexpress.com/article/news-archive/web/pvt-group-to-deposit-rs-31-cr-for-tax-evasion/

Pvt group to deposit Rs 31 cr for tax evasion

Income Tax sleuths have unearthed tax evasion to the tune of Rs 31 crore.

Income Tax sleuths have unearthed tax evasion to the tune of Rs 31 crore after conducting searches at three places belonging to the city-based Bhandari Medical group,official sources said today.

A team of 20 sleuths of Commissioner Income Tax-1 led by B P Jain conducted searches at three places in Indore since yesterday and seized heaps of documents related to purchases and sale of medical drugs,equipment and machines,they said.

The group has agreed to deposit Rs 31 crore for alleged tax evasion,they added.