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Tax sleuths busted in Orissa

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Another scam of realty has come up from one of the site at Orissa where around 60000 customers were duped by a fraud realty house. It was a part of chain scheme including both marketing and incentives to its customers as per the revealed sources depicted at www.propertykhazana.com. On a further enquiry by the Central Board of Direct Taxes, it was found a huge tax sleuths by this realty in Orissa and a sum of Rs 6.5 crore has been recovered from the accused.
On a short note with www.propertykhazana.com a senior rank of the I-T department states that “the accused realty house has been collecting huge funds from the customers ranging from the affluent to that of common public but the company has no such land to develop not even of 20 percent for each investor”. Later on observing the lavish life style of the realty unit based on the capital city of Orissa -Bhubaneshwar made it suspicious and raids prevailed on the commercial and residential sites of the owners.
However such kind of marketing with attractive prizes is restricted in the Act 1978 and after the tax sleuths the accused company will has been constrained from any further operation in the state along with the other parts of the country. This is the second of its kind in this month where last incident was at the economic capital city Mumbai. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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