Income Tax Raids Reveal Hidden Businesses in Educational Groups across Tamil Nadu and Puducherry; Uncovers unaccounted Fee Receipts of More than Rs. 400 crore

Income Tax Raids - Businesses - Educational Groups - unaccounted Fee Receipts - taxscan

On October 5, 2023, the Income Tax Department initiated a comprehensive search and seizure operation targeting two distinct groups, primarily involved in operating educational institutions that offer professional courses. The raid uncovered unaccounted fee receipts of more than Rs. 400 crores. These groups were found to be engaged in diverse business activities, including distilleries, pharmaceuticals,…

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