Onion prices: I-T raids traders in Maharashtra, Delhi amid hoarding fears

Onion prices: I-T raids traders in Maharashtra, Delhi amid hoarding fears

I-T sleuths checked account books of some wholesale dealers against physical stocks of the commodity
Current Affairs:The Income Tax Department on Monday overviewed Onion dealers in Maharashtra, Delhi and Madhya Pradesh following reports of supposed storing of the product in the midst of its soaring costs, authorities said.
They said I-T sleuths checked record books of some discount sellers against physical loads of the product and its conveyance to purchasers as a feature of a tax avoidance test.
The office is inspecting the onion stocks as its costs have shot up to about Rs 100 a kg in different markets and there are reports of storing, they said.
Just business premises of stockists in Maharashtra, Delhi and Madhya Pradesh were reviewed, they said.
Some computerized proof and implicating reports have been found and are being broke down, they included.

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