Income Tax raid continues for 3rd day in Parida Group.. Important documents seized?

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Tamilnadu

oi-Mani Singh S

Published: Thursday, August 25, 2022, 10:37 [IST]

Google Oneindia Tamil News

Tirupattur: For the 3rd day in a row, Income Tax officials are carrying out intensive inspections at Farida Group’s leather and footwear factories in Ampur.

Parita Group, a famous company headquartered in Chennai, is engaged in the business of exporting leather products including shoes, belts, leather bags to foreign countries. The group has around 11 subsidiaries including Parita Shoes, Parita Leather, etc.

Income tax department raids for 3rd day at places belonging to Farida Group

In this situation, there was an allegation that the Parida Group understated the income and accumulated too many assets. The company was accused of tax evasion especially during the Corona period. Based on the information received in this regard, the Income Tax Department started an investigation on Parida Group last Tuesday.

The Income Tax department conducted raids at the premises owned by Parita Group across Tamil Nadu. A total of 32 locations related to Parida Group were conducted in Chennai, Tirupattur, Ambur. This test which lasted till night continued yesterday. In this, the inspection was also conducted at the homes and offices of the owners and managers of the factories.

It is said that a pen drive containing important information and important documents were seized during the raid conducted by the Income Tax Department in the factories belonging to the Parida Group in Ampur. Similarly, it is said that the authorities have copied more than 20 thousand pages of documents in the computer seized during the raids conducted by the Income Tax Department in the export companies.

At this stage, this test is still going on for the 3rd day in a row. The Income Tax officials are conducting regular inspections at around 60 locations across Tamil Nadu belonging to the Paritha Group.

English summary

Income tax department raids for 3rd day at places belonging to Farida Group

Story first published: Thursday, August 25, 2022, 10:37 [IST]


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