Income Tax raids at Chettinad Group
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The Income Tax (IT) division is conducting searches at corporations, places of work and residential properties belonging to the Chettinad Group headed by M.A.M.R.Muthiah. According to the taxmen over 50 areas in Chennai and the remainder of India are underneath the scanner now. “We suspect a huge tax evasion. This is a huge group so the searches will take 2-3 days to get over,” mentioned an investigating officer from the IT division.
Headquartered out of Chennai, the over 100 yr previous Chettinad Group has a number of companies together with building, cement, energy, metal fabrication, healthcare, coal terminal, transportation amongst others. Officials from the Income Tax division mentioned that extra particulars can be shared later within the day.
The IT division had carried out searches on this group in 2015 too.
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