IT dept raids private institutions in five cities

Bhopal, July 23: In a major crackdown on alleged tax evaders, the Income Tax Department today raided premises of private institutions in five cities.

Raids were being carried out at People’s College, RKDF group of institutes, Globus and LNCT college, which offer various professional courses, official sources said.

Forty premises of these institutes in Bhopal, Mumbai, Delhi, Rewa and Jabalpur were covered under the raid conducted by a team of nearly 350-400 Income Tax officials, they said.

The IT department also took support of the local police in carrying out the raids, the sources said.

The raid also covered an official of the Madhya Pradesh Assembly associated with one of the institutions, they said.

The magnitude of transactions made by these institutions did not match with the IT returns filed by them following which raids were carried out, the sources added.
–PTI