IT Department raids 100 places in TN, AP in mining, export firms tax evasion case
Chennai, Oct 25 : The Income Tax Department (ITD) on Thursday launched multiple raids at over 100 locations in Tamil Nadu and Andhra Pradesh as part of a tax evasion probe against mining and mineral export companies, officials said.
The searches are being conducted at the premises of at least four such business groups in Chennai, Coimbatore, Tirunelveli, Tuticorin and Karaikal in Tamil Nadu and Vishakhapatnam and Srikakulam in Andhra Pradesh, they said.
One of the firms identified by ITD officials is V V minerals of Tamil Nadu.
Over 130 ITD officials are conducting the operation with assistance from security and police personnel, they said.
They said the companies that are being searched are involved in mining, processing and export of beach sand minerals in an alleged illegal manner that led the taxman to probe tax evasion charges against them.
The alleged illegal profits earned through this, they said, was subsequently ploughed for investments into other businesses of these groups like spinning mills, sugar mills, hotels, engineering colleges and some blue metal businesses.
Some overseas transactions of these companies, made in alleged violation of tax laws, is also under the scanner of the department and the sleuths are looking for documents, to substantiate these charges, during the raids, they added.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Kumaraswamy accuses Cong govt of 'neglecting' farmers in Karnataka
Mysuru (PTI): Union Minister H D Kumaraswamy on Tuesday accused the Congress government in Karnataka of "neglecting" the farmers in the state and being involved in corruption.
The JD(S) leader took part in an event where President Droupadi Murmu inaugurated the 1066th Jayanthi celebrations of Adi Jagadguru Sri Shivarathreeshwara Shivayogi Mahaswamiji at Malavalli in Mandya district, which comes under his Lok Sabha constituency.
"I saw a report that 2,800 farmers have died by suicide after this government came to power (in state). The government seems to be not concerned about the farmers. This government on coming to power said that it will give Rs 24,000 crore as loan to 32 lakh farmers for their farming activities, but till November, about Rs 12,000 crore has been paid to 24 lakh farmers, limiting to what was there earlier by managing the books of account," Kumaraswamy said.
Speaking to reporters here, he said, "These things show the failures of this government. Also, there is a corrupt system. I will not speak about it now. After December 20, I will speak to you in detail. There are a lot of issues to share with you."
ALSO READ: Will remain CM till high command wishes: Siddaramaiah
Responding to a question, the JD(S) leader, who turned 66 today, said there is no use of giving any documents. "I'm waiting for the right time."
Regarding the Congress government introducing a bill against "hate speech" in the Assembly, Kumaswamy said it is aimed at silencing the opposition in the state, but they won't be successful.
"What do Congress leaders have to say about their workers' comments against Prime Minister Narendra Modi?. He cited slogans -- 'Modi teri kabr khudegi, aaj nahi to kal khudegi' (Modi's grave will be dug.. if not today, then tomorrow) -- allegedly raised against Modi at a Congress rally in Delhi on Sunday.
