Excise and Tax uncovers tax evasion of upto Rs 200 crore

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Fatehgarh Sahib, Aug 12 (UNI) A team of Excise and Taxation Department today raided a trader in Mandi Gobindgarh and detected tax evasions between Rs 50 crore to Rs 200 crore.

The team, led by mobile wing director K B S Sidhu, raided three shops of a trader at B D Complex this morning and recovered a large quantity of bogus bill books, fake stamps, other documents, pen drives, computer hard disks and CDs among other items.

Sources said the team members after recovery of various documents found tax evasion between Rs 50 crore to Rs 200 crore and it will take around two months to complete the investigations.

However, the trader is still at large.


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