Jaipur : Income tax raids in any respect the places of Utkarsh Coaching Institute have ended. The Income Tax raid ended within the fourth day. The seized gold jewelery elevated to 2,150 grams. The worth of those jewelery is being estimated at greater than Rs 2 crore.
Income tax officers declare to have detected irregularities within the revenue of Rs 130 crore. Children are being advised to assert reductions, refunds and exemptions to make up for the discount in revenue. The operators of Utkarsh Coaching failed to supply the proof. There is alleged to be a discrepancy within the revenue of Rs 130 crore within the final 4 years.
There can also be a risk of irregularities within the settlement made with the Physics division of Noida. The deal of 51% participation in Rs 240 crore and 12.5% participation in Rs 51 crore is beneath doubt. Physics wala additionally confirmed curiosity within the remaining stake because of the Stock Launch plan.
Let us inform you that the Investigation Branch of the Income Tax Department was raiding 19 places since Thursday. Cash value Rs 10 lakh was additionally seized within the Income Tax raid. The investments made within the property and different seized paperwork are being investigated intimately.
#JaipurIncome tax raids in any respect places of Utkarsh Coaching Institute ended
Income tax raid ended on the fourth day, seized gold jewelery elevated to 2,150 grams, greater than Rs 2 crore…#RajasthanWithFirstIndia #ITRaid @IncomeTaxIndia @kotharivimal19 pic.twitter.com/Ru3gr56n1e
— First India News (@1stIndiaNews) January 5, 2025
