KERALA

IT officials search lottery agency

Income Tax officials searched the offices of a lottery agency for alleged tax evasion and froze its bank accounts that reportedly held about Rs.4 crore. According to sources, the lottery agency used to sell lucky draw tickets of Sikkim, Bhutan and many States of India and had an average daily sales turnover of about Rs.60 lakh. From this, it earned a huge commission but had not paid income tax for many years. Sources claimed that the IT searches at the agency's offices and the owner's home could unearth documents that showed the owner had assets worth crores. Five bank accounts of the agency have been frozen by the authorities. — Special Corresondent

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