Rs. 100-cr. tax evasion by Nizam Pakku suspected
Special Correspondent
CHENNAI, April 12, 2018 00:00 IST
Income Tax officials on Wednesday concluded two raids at the residence and offices of A.R. Safiullah, promoter of Pudukottai-based Nizam Pakku, and found an estimated tax evasion of nearly Rs. 100 crore.
“We are still estimating the value of unaccounted cash and documents seized in our operations. It is likely in the range of Rs. 100 crore,” an senior IT official said. Searches were conducted at seven places and surveys done at five places near Tiruchi and Chennai.
Special Correspondent
CHENNAI, April 12, 2018 00:00 IST
Income Tax officials on Wednesday concluded two raids at the residence and offices of A.R. Safiullah, promoter of Pudukottai-based Nizam Pakku, and found an estimated tax evasion of nearly Rs. 100 crore.
“We are still estimating the value of unaccounted cash and documents seized in our operations. It is likely in the range of Rs. 100 crore,” an senior IT official said. Searches were conducted at seven places and surveys done at five places near Tiruchi and Chennai.
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