I-T raids conducted in multiple locations in Karnataka
The Income Tax (I-T) Department conducted raids in various locations across Karnataka on Wednesday. Sources revealed that the raids were carried out in Udupi city, Karkala, Kundapura, Padubidri, Brahmavar, Puttur, and other places.
The focus of the raids was reputed gold jewellery shops, which have several branches in the coastal districts of Karnataka. The raids were conducted simultaneously in the morning, and officials are currently in the process of verifying the documents seized during the operation.
Prior raids in Bengaluru
In a similar operation conducted on October 12, the I-T department had conducted simultaneous raids in 50 locations, targeting offices and residences of jewellers in different parts of Bengaluru. During these raids, Rs 100 crore in cash was found. It is believed that the cash was intended to be used during the upcoming Assembly elections in five states.
–@DelhiBreakings.com
Summary:
- The Income Tax Department conducted raids in several locations in Karnataka, including Udupi city, Karkala, Kundapura, Padubidri, Brahmavar, and Puttur.
- The focus of the raids was gold jewellery shops that have branches in coastal Karnataka districts.
- The raids were conducted simultaneously in the morning, and officials are currently verifying the seized documents.
- Earlier raids in Bengaluru on October 12 resulted in the discovery of Rs 100 crore in cash, believed to be intended for the Assembly elections in five states.
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