The Income Tax Department’s raid on CL Gupta & Sons in Moradabad continued for the fourth day on Friday. In the early hours of Tuesday, the Income Tax Department teams raided about 15 locations of CL Gupta & Sons Private Limited. This included the residences of the company owners, expo
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Some additional teams of the Income Tax Department have also reached these premises. The Income Tax Department officials are currently silent on this matter. But the way the Income Tax raid is continuing on the fourth day and extra teams have been called in, there are indications of big tax evasion and recovery. Let us tell you that CL Gupta Exports is counted among the leading brass traders of Moradabad. The company exports handicraft products to more than 50 countries around the world.
Due to these raids, there is panic among exporters, doctors and businessmen in the entire city. Moradabad is a business city. There are more than 2000 export factories here. These export factories export goods worth more than Rs 2000 crore annually to more than 100 countries around the world.
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