Income-tax Dept. conducts searches on BMC’s standing committee chairman Yashwant Jadhav
- Blog|News|Income Tax|
- 2 Min Read
- By Chetan Kulasri
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- Last Updated on 7 March, 2022
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Press Release, dated 03-03-2022
The Income-tax Dept. has carried out search and seizure operations on certain contractors executing Brihanmumbai Municipal Corporation (BMC) contracts, a prominent person and their close associates.
During the course of the search operation, numerous incriminating documents, loose sheets and digital evidences have been found and seized. The evidences so seized strongly indicate a close nexus between these contractors and the said person. Particulars of about 3 dozen immovable properties, whose value could be more than Rs. 130 crore have also been detected.
The preliminary investigation indicates that these contractors have evaded income to the extent of Rs. 200 crores on account of the above malpractices.
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