Business Standard

IT survey of merchants reveals tax evasion of Rs 7 cr

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Press Trust of India Indore

After overnight surveys at these the residences of the two businessmen, the one engaged in hosiery business has declared to surrender Rs 2 crore while a merchant dealing in kirana would be paying Rs 5 crore to the IT department, an official said.

The department was still assessing their income and overall turnover, he said.

  

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First Published: Oct 19 2012 | 7:55 PM IST

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