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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.

Asked by Kainaat Creations, 27 Feb '09 10:35 am
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Answers (2)

1.

It was all sham, total evasion was 2200 crores. The company did not have 7 crores cash which was purpotedly seized. I hear an investigation is underway by CBDT.
Answered by Writing Village, 21 Dec '09 08:47 pm

 
  
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Ok
Answered by RSehgal, 01 Mar '09 07:38 pm

 
  
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Well, i can understnd ur situation.....more

Answered by Sanghamitra Mandal