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I-T department raids Gujarat diamond group, claims multi-crore tax evasion

Shortpedia

Content Team
Image Credit: Financial express

The CBDT on Saturday said the Income Tax Department has detected tax evasion worth crores of rupees in raids on Gujarat's leading diamond manufacturer and exporter. The searches were launched on September 22 at 23 premises of the group, which is also in the tiles manufacturing business, at Surat, Navsari, Morbi, and Wankaner in Gujarat and Mumbai in Maharashtra.