Claiming to have stumbled upon the biggest-ever tax evasion in the region, the commissioner of income tax (CIT), Chandigarh-I, revealed
that a survey carried out by their department on 13 premises of the Alchemist Group has thrown up the staggering undisclosed amount of Rs 22 crore.
Stating that Rs 22 crore had been surrendered by the management for taxation following the scrutiny on Wednesday, CIT GS Randhawa said, This is the maximum detection ever made in surveys of assessees in the region. Besides unaccounted cash of Rs 5.50 crore, I-T sleuths, headed by JS Kahlon, deputy commission
About: Company: Alchemist Ltd.