I-T searches on Delhi-based liquor firm for tax evasion

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The Income Tax department on Friday conducted searches in several cities on the premises of a Delhi-based liquor manufacturing group on the charges of alleged tax evasion to the tune of Rs 150 crore.

Teams from the IT department swooped down on a total of 13 premises in Delhi, Chandigarh and parts of Punjab and seized Rs 1 crore cash and 4 kg jewellery from the premises of the firm, officials said.

The sleuths are also searching the senior executives of the alcohol manufacturing group, they said.
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