Karnataka Colleges under scanner for tax evasion, IT raids at multiple educational institutions
Karnataka Colleges have come under the scanner of the Income Tax, IT department. As per latest reports, IT raids are being conducted at multiple locations in Karnataka. Several educational institutions, even in Bengaluru have come under the scanner and are being thoroughly checked.
Sources have informed that these Karnataka Colleges have come under the IT Department’s scanner due to alleged tax evasion. While the latest updates and confirmation from officials are awaited, sources have also shared that these IT raids started on Thursday morning.
Karnataka Colleges in Bangalore are also likely under the scanner. As per sources, till now, AC Reva University, Krishnadevaraya Institutions are some names that have allegedly come under the scanner and where searches are on.
Times Now reporters have also reported that the IT raids at Karnataka educational institutions are also being done to find some the institutes’ links with local politicians. While an official confirmation is awaited, it is expected that IT officials would issue an official release as soon as these raids end, later in the day.