Bhubaneswar: The search and seizure operations by the Income Tax Department in the case of a group involved in the manufacturing and trading of steel products with premises in and around Rourkela, Odisha, reported IANS.
According to an official statement, the group entities were booking bogus purchases of around Rs 170 crore in the name of 17 bogus entities for two successive financial years.
The statement also said that all the 17 parties have confessed during the course of search and seizure operation, that they were not aware of any such business concerns in their name.
The total amount was withdrawn in cash from the bank accounts of these bogus entities, as per the Finance Ministry statement.
Bhubaneswar: Tigress Zeenat, who travelled nearly 200 km over two weeks from Odisha's Similipal, avoiding…
Bhubaneswar: The Odisha Government has dissolved the governing bodies or managing committees of all Non-Government…
New Delhi: President Droupadi Murmu on Monday appointed former Supreme Court judge Justice V Ramasubramanian…
Bhubaneswar: Marking a significant development in eco-friendly transport in Odisha, a tripartite Memorandum of Understanding…
Mumbai: After veteran actor Mukesh Khanna, noted poet Kumar Vishwas left netizens irked with his…
Bhubaneswar: A major fire erupted at a pressure cooker company godown at Satyanagar in Bhubaneswar…
This website uses cookies.