IT officials raid residences, corporate offices of prominent industrialists

Raids were conducted by income tax officials from Chennai, Mumbai offices

Raids aimed at combating tax evasion and ensure compliance with tax laws

On the morning of October 4, a meticulously coordinated operation unfolded in Bengaluru as the Income Tax Department (I-T) launched simultaneous raids at 15 different locations.

These carefully orchestrated raids, which commenced in the early hours, were not confined to residential premises alone; they extended to the corporate offices of prominent industrialists as well.

The primary objective behind this massive operation was to meticulously investigate potential instances of tax evasion attributed to specific industrialists and gold merchants.

This massive undertaking involved the deployment of over 150 income tax officials who had arrived from the Chennai and Mumbai offices the previous night, underscoring the seriousness of the operation.

The chosen locations for these intrusive investigations included diverse areas of the city, ranging from Shanti Nagar and Palace Road to Vijaynagar, Hulimavu, the exclusive enclave of Sadashivanagar, and the affluent Sankey Tank localities.

The sweep of these raids extended even to the doors of Vijay Sampath, an individual associated with Gajaraj Jewellers on Palace Road, and the residences of multiple chartered accountants. In a broader scope, the offices of Puravankara Developers also came under the keen scrutiny of the vigilant IT officials.

This elaborate and synchronized operation demonstrated the government’s commitment to combat tax evasion and ensure compliance with tax laws, sending a clear message that no individual or entity is beyond the reach of the law when it comes to matters of taxation.