I-T dept action at 11 locations of ARL Group’s home, offices

Jaipur: The Income Tax department on Thursday launched action on 11 premises of the country’s largest asbestos sheet manufacturer and group involved in cement corrugated roofs, pipe manufacturing and building construction work.

There were complaints against ARL group regarding tax evasion. Officials of the investigation branch raided 9 locations of the group, while started survey operations at 2 locations. The I-T sleuths reached the group’s office, the residences of the owners, and the workplaces of their associates simultaneously and started the operation.

Sources said that the action has been taken on both factories, warehouses and offices of ARL Group, group directors Pramod Jain, Sunil Jain, Nand Kishore Jain, Ankit Jain, Akshat Jain, Pramod Jain, Padam Chand Jain and Jugal Bhanot.

Documents related to investment, cash and jewelery are reported to have been seized by the officers which will be matched with the accounting books.

It is noteworthy that recently the name of the group had come into limelight regarding a project proposed as a joint venture near Hotel Haveli located in front of Birla Auditorium.