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