Attempts to evade tax, shady financial transactions
Several incriminating documents seized for scrutiny
Mohinder Verma
JAMMU, Jan 6: Investigation Wing of the Income Tax Department today carried out simultaneous raids in the premises of 15 entities in Jammu and Delhi which are associated with IL&FS Transportation Networks Limited and its Financial Services in connection with alleged large scale evasion of tax and other shady financial transactions.
Reliable sources told EXCELSIOR that on the directions of the top brass of the Income Tax Department different teams of Investigation Wing started simultaneous raids in the premises of 15 entities one in Jammu and rest in Delhi. Huge deployment of security personnel was made at all these places in order to ensure smooth operation by the Income Tax Department sleuths.