Solar power firm found evading tax of over Rs 1,350 cr


Solar power firm found evading tax of over Rs 1,350 cr

A search and seizure action undertaken on a solar power firm has led to the detection of tax evasion of more than Rs 1,350 crore, the Central Board of Direct Taxes (CBDT) said on Monday.

The Delhi unit of the Directorate General of Income-Tax (Investigation) initiated search and seizure action on the group in NCR, Bhopal, Indore, and Goa, based on credible information of large scale collection, possession and movement of unaccounted assets, a few weeks back.

During the search, the CBDT, in a statement issued on Monday, said that a maze of shell companies used as mere conduits for providing entries to the group were detected Read more

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