I-T searches target industrial firms across Chandigarh, Punjab and Himachal

The Income Tax Department has launched searches at multiple locations in Punjab, Chandigarh and Himachal Pradesh, targeting iron, steel and other industrial businesses.

Special teams from Delhi have been examining company premises and the residences of promoters and senior management officials since Thursday morning.

In Jalandhar, the department searched Prabal Steel near Garha Road. The operation, which began on Thursday, continued until late Saturday night, according to information available. Several vehicles bearing Delhi registration numbers were seen outside the premises.

Local shopkeepers said officials had arrived at the firm on Thursday morning and begun examining its records.

Sources said the teams had taken possession of financial documents and other material from the company’s premises and the residences of its promoters. The nature of the material seized and the reasons for the searches have not been disclosed.

Personnel from the Police Station Division Number 7 were deployed at the site as part of security arrangements.

An Income Tax official, speaking off the record, confirmed that searches were underway in Jalandhar, Batala, Chandigarh and Himachal Pradesh but declined to share further details, citing departmental rules.

The department has not issued an official statement on the searches or their findings.