Noida. On receiving a complaint of tax evasion, the Noida Income Tax team raided United Exim, an export company located in B block of Sector-68. Lakhs of cash and crores of unaccounted transactions have been found during the raids started at 10 pm on Saturday night. So far, about 64 lakh cash has been found, in which the details of 60 lakh could not be given. There has been fraud of about Rs 5 crore in tax. A list of these transactions is being prepared. It is being seen by connecting it in one episode.
The Income Tax officer said that on receiving the information, a team of 10 people reached the spot at 7 pm on Saturday. Inquiry started at 8 o’clock. During this, inquiries were made from the company’s accountant to the owner. After which the search was started at 10 am. During the search, a large amount of cash was found, which has been seized.
10 officers were involved in the raid
Let us tell you that the company does the work of garment export. It has many manufacturing units, whose documents are being scrutinized. It was told that the search could end by late Sunday night. The Income Tax Department raided under the leadership of Deputy Director Investigation at 7 pm on Saturday night. 10 officers of Income Tax Department were involved in the raid. The company was raided by the GST Department and the Income Tax Department. GST tax evasion was also caught on the spot. On which the department returned after doing its paperwork.