Home Economy 14 textile units raided in Surat

14 textile units raided in Surat


Surat : The Income Tax department continued search and seizure operations for the second day Wednesday, raiding 14 more textile units in this south Gujarat city to unearth unaccounted income.

On Tuesday, the department had targeted 40 textile and paint manufacturing units.

A senior official of the investigative wing of the department told IANS that unaccounted income of Rs.3.5 million had been unearthed so far.

“A total of 11 bank lockers of the textile unit owners have been opened for examination and a large amount of jewellery and incriminating documents have been found from them. All the lockers searched have been sealed for further examination,” the official said on condition of anonymity.