Agra-based HMA Group Surrenders Undeclared Income Of Rs 100 Crore To The Income Tax Department

Agra-based HMA Group Surrenders Undeclared Income Of Rs 100 Crore To The Income Tax Department

The company is owned by former BSP MLA and Meat Exporter Zulfikar Ahmed Bhutto

Agra, Nov 9 (TNA) Former BSP MLA and meat exporter Zulfikar Ahmed Bhutto's HMA Group on Tuesday night surrendered undeclared income of Rs 100 crore to the Income Tax Department. The raids conducted by the Income Tax Department's Investigation Wing from Saturday morning lasted till 11 pm on Tuesday night.

For 88 hours, more than 180 Income Tax Officers and Para-military force sleuths assisted in this action at 35 locations in 12 cities in 5 states of the country. This is the second major success of the Income Tax Department. Undisclosed income of Rs 101 crore was surrendered 4 years ago in a raid on BNR Group of Agra.

The country's third largest meat exporter group HMA has a turnover of Rs 2000 crore and exports frozen meat to 40 countries. Sensing financial irregularities, the Income Tax Department on Saturday morning simultaneously investigated 35 locations in 12 cities including Delhi, Mumbai, Ghaziabad, Kanpur, Unnao, Chandigarh, Meerut, Raipur, Agra.

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