I-T department conducts raids on two companies

The Income Tax department on Friday conducted raids at five places of two companies for suspected tax evasion, official sources said.

Indore: The Income Tax department on Friday conducted raids at five places of two companies for suspected tax evasion, official sources said.

"One of the companies is involved in manufacturing local mineral water. The other produces tubes used in tyres," they said.

The amount of undisclosed income is yet to be ascertained as the raids were still on, they said.
PTI

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