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Indore: \'Ruchi\' group of Industries surrenders R 110 crore
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Indore: Ruchi group of industries is believed to have surrendered Rs 110 crore following income tax surveys at its establishments but the department has not confirmed the report.

Group's 33 establishments were surveyed in Indore and at other places in Delhi, Haryana, Maharashtra and Gujarat.

A senior IT official claimed that all the information compiled by the sleuths from 33 establishments of the group are being collected at Mumbai investigation wing. The IT sleuths have prepared estimates that the group's unaccounted income is around Rs 400 crore but this is yet to be established.

Following completion of joint surveys conducted by IT sleuths from Indore and Mumbai investigation wings, the group had offered to surrender around Rs 170 crore but the department declined the offer. Undertaking major action against one of the prominent groups of the region, income tax department surveyed 11 establishments in Indore, Pithampur, Dewas and Bhopal.

source: daily.bhaskar

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