IT raid: DN Group evaded tax of Rs 90 crore
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Odisha’s actual property main DN Group, owned by Jagadish Naik, allegedly evaded revenue tax of Rs 90 crore, knowledgeable sources mentioned on Tuesday.
Bhubaneswar: Odisha’s actual property main DN Group, owned by Jagadish Naik, allegedly evaded revenue tax of Rs 90 crore, knowledgeable sources mentioned on Tuesday.
The DN Group reportedly had undisclosed money receipts to the tune of Rs 210 crore leading to tax evasion of Rs 90 crore, mentioned sources.
It is to be notice right here that officers of the Income Tax (IT) Department performed raids at totally different locations related to the DN Group for no less than for 4 consecutive days. The raid was performed on the allegations of tax evasion.
The IT Department had seized money to the tune of as a lot as Rs. 30 Crore from the home of Chandrashekhar Panda, the Director of DN Group of Companies. They additionally inspected and arduous disk and a number of other doc throughout the raids.
