The Income Tax sleuths on Thursday carried out multiple searches at 100 locations linked to Tirunelveli-based mining company VV Minerals and its owner Vaikundarajan in Tamil Nadu, ANI reported.
The Income Tax sleuths on Thursday carried out multiple searches at 100 locations linked to Tirunelveli-based mining company VV Minerals and its owner Vaikundarajan in Tamil Nadu, ANI reported.
The searches are being conducted at the premises of at least four such mining and mineral export companies in Chennai, Coimbatore, Tirunelveli, Tuticorin and Karaikal in Tamil Nadu and Vishakhapatnam and Srikakulam in Andhra Pradesh, officials told PTI.
More than 130 officials are carrying out 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.
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.
The searches are being conducted at the premises of at least four such mining and mineral export companies in Chennai, Coimbatore, Tirunelveli, Tuticorin and Karaikal in Tamil Nadu and Vishakhapatnam and Srikakulam in Andhra Pradesh, officials told PTI.
More than 130 officials are carrying out 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.
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.