Income Tax (I.T.) officials conducted a raid on the premises of popular event management company Wizcraft International yesterday. The raids were conducted at six premises in Mumbai and on the company's offices in New Delhi, Bangalore, Chennai, Hyderabad and Kolkata.
The I.T. department authorities wanted to verify if the company had resorted to tax evasion of any kind. Wizcraft, it may be recalled, was involved with the organising of the opening and closing ceremonies of the recently held Commonwealth Games (CWG) in New Delhi.
The I.T. department has seized financial records of the company and also sealed two bank lockers belonging to the company.
The I.T. department authorities wanted to verify if the company had resorted to tax evasion of any kind. Wizcraft, it may be recalled, was involved with the organising of the opening and closing ceremonies of the recently held Commonwealth Games (CWG) in New Delhi.
The I.T. department has seized financial records of the company and also sealed two bank lockers belonging to the company.
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Entertainment