Thursday, November 23 2017

November 9, 2017

IT raids Jaya TV and its associates over suspected tax evasion

Income Tax officers have raied over 190 locations across four states in connection with the AIADMK-owned Jaya TV and its associates in Chennai over suspected tax evasion as part of ‘Operation Clean Money’.Also, the allegation covers aspects like shell companies, dubious investments, fund flow and fudging of accounts.Searches also cover the premises of Midas Distilleries and Jazz Cinemas, I-T officers said. The two entities are perceived to be associated with some of those linked to Jaya TV.