I-T officials raid over 50 jewellers in Bengaluru over tax evasion

BENGALURU: The Income Tax Department officials conducted simultaneous raids on jewellers at over 50 locations in the city early on Tuesday.

More than 50 I-T teams fanned out across Jayanagar, Chickpet, Basavanagudi, Rajajinagar, Yeshwantpur and other areas and conducted raids on the houses, offices and commercial complexes of jewellers. The I-T Department had detected tax evasion by the jewellers after five months of investigation which prompted the raids.

Meanwhile, the I-T officials also raided Cipla and another private company (Mahaveer) and seized several documents.