The Income Tax (IT) Department has conducted extensive raids on mining companies, targeting eight locations associated with the SN Mohanty Group. The raids, executed in Joda, Ladbil, and Bhubaneswar in Keonjhar district, are part of an investigation into alleged tax evasion.
IT officials searched the company’s office in Ladbil, a residence in Bhubaneswar, and its corporate office. Despite repeated attempts, company representatives have not issued any statements regarding the raids.
Six IT teams carried out the operation early this morning. Reports suggest that officials seized cash and crucial documents during the searches.