I-T searches on Jeppiaar institutes
Sivakumar.B@timesgroup.com
Chennai:08.11.2019
The Income Tax department on Thursday commenced searches at 25 places belonging to Jeppiaar Educational Trust, which runs many engineering colleges and schools.
A senior official in the I-T investigation wing said searches began on Thursday early morning and could continue for a few days. “We have specific information with evidence about tax evasion. Around 150 I-T officials have been drafted for the searches,” he said.
“The I-T department has received a specific tip-off about cash transactions carried out by the trust and members of Jeppiaar family,” said the official.
The trust manages 12 technical institutes, a CBSE school and a matriculation school.
A spokesperson of Satyabhama University said, “Exams are going on in the college, but income tax officials entered the college premises in the morning and started searches. The office staff have been locked inside. We have not been able to reach them”.
Sivakumar.B@timesgroup.com
Chennai:08.11.2019
The Income Tax department on Thursday commenced searches at 25 places belonging to Jeppiaar Educational Trust, which runs many engineering colleges and schools.
A senior official in the I-T investigation wing said searches began on Thursday early morning and could continue for a few days. “We have specific information with evidence about tax evasion. Around 150 I-T officials have been drafted for the searches,” he said.
“The I-T department has received a specific tip-off about cash transactions carried out by the trust and members of Jeppiaar family,” said the official.
The trust manages 12 technical institutes, a CBSE school and a matriculation school.
A spokesperson of Satyabhama University said, “Exams are going on in the college, but income tax officials entered the college premises in the morning and started searches. The office staff have been locked inside. We have not been able to reach them”.
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