IT raids on Singhania Group for alleged tax evasion in multi-state operation”

Ranchi: The Income Tax Department’s Investigation Branch initiated raids on multiple locations of the Singhania Group on Tuesday, following confirmation of tax evasion through concealment of actual business activities. The operation covered 29 locations across Jharkhand, Bihar, West Bengal, and Madhya Pradesh, with 20 sites located in Jharkhand alone. Jai Prakash Singhania, the owner of the group, is under scrutiny, and documents pertaining to business activities, including raw trade, have been seized during the raid.