Bhubaneswar: Simultaneous Income Tax raids are underway at several properties owned by Subrata Kumar Chattoi in Bhubaneswar since 4.00 am on Monday. The raids are being conducted at Chattoi’s coaching institute and residences in the capital city on charges of evading income tax worth lakhs of rupees.
According to reports, the raids began early morning today and the I-T officials are examining documents and bank accounts of the institute providing coaching for IAS, OAS, UPSC and other competitive examinations. I-T sleuths have reportedly seized some documents from the institute.
The entire area has been sealed and the students and staff have been barred from entering the coaching institute since morning.
It is worth mentioning that in March 2023, a team of Central Goods and Services Tax (GST) conducted multiple raids at various centres of the private coaching institute on allegations of tax evasion.