Income Tax sleuths raid five firms of Birla group

Updated - May 13, 2016 07:49 am IST

Published - January 07, 2014 07:00 pm IST - Mumbai

The Mumbai wing of the Income Tax Department is carrying out searches at five companies of the Yash Birla group. The raids are being conducted at 15 different locations in Mumbai and Delhi. The companies are being searched for suspected tax evasion.

“We suspect that the income declared by them is not proportionate to their earnings; therefore we are carrying out searches. A clear picture will emerge once the searches are over,” said sources in the IT department. The raids might be carried out over a couple of days, sources added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.