Income Tax raid on Private School owner in Udaipur

Income tax team carried out a raid at a private school in Udaipur on Friday. The income tax team raided the school on Friday morning and the investigation continued till late night on Friday.

 
Income Tax raid on Private School owner in Udaipur

Income tax team carried out a raid at a private school owner in Udaipur on Friday. The income tax team raided the school on Friday morning and the investigation continued till late night on Friday.

New Look Group, a private school group operated by Udaipur man was raided yesterday by the I-T team. The school has branches in Banswara and Sagwara. The I-T team suspected financial irregularities in the school and hence carried out the raid.

Besides raiding the school branches, the I-T team also raided the house of promoter’s son situated in Hiran Magri Sector-11. The investigations continued till late Friday evening and I-T team is yet to divulge the findings.

Update: The I-T team in their investigation found unreported income of over Rs 5 Cr from the promoter

From around the web