Income tax sleuths in Kashmir give sleepless nights to Kashmir Inc.

Raids called off after CM’s intervention? For past three days starting last Saturday the entire business community of Kashmir was on toes. This so happened after rumors started doing rounds that the Income Tax Department (IT) was planning massive tax raids across Kashmir Valley. As soon as this bit of information went out, businessmen and traders all across the Kashmir valley started working in reverse and tried to set their accounts in order while at the same trying to ascertain more about the impending raids. “ We were in complete…

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