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In its ongoing drive against tax evasion, the Income Tax department conducted surveys at nine premises of different institutions engaged in imparting coaching for competitive examinations (coaching institutes), deployment of manpower in various institutions (placement agencies), air-services institutes and foreign-education placement agencies in Delhi and Mumbai on 9.8.2007.
Based on the evidence collected during these surveys and subsequent investigations, various concerns have already admitted tax evasion amounting to Rs.26.75 crore.
Further investigations in these cases are in progress and detection of more tax evasion is likely.
Tax evasion investigations after department surveys uncover admissions and ongoing probes may detect further undisclosed income. The Income Tax Department conducted surveys at multiple coaching institutes, placement agencies, air services institutes and foreign education placement agencies in Delhi and Mumbai to collect evidentiary material; several entities admitted tax evasion and further investigations and detections are ongoing.Press 'Enter' after typing page number.