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I-T raids on Lalit hotels group uncover foreign assets worth Rs 1000 crore

I-T raids on Lalit hotels group uncover foreign assets worth Rs 1000 crore

Saturday, January 25, 2020, 1:03 PM

The Income Tax Department's search operations against the Bharat Hotels group has led to the detection of a staggering Rs 1000 crore worth undisclosed foreign assets and domestic tax evasion of more than Rs 35 crore. The I-T department has been conducting raids at the premises of the group and an associated automobile dealing firm since last Sunday.
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