I-T department conducts searches at 39 locations to check 'tax evasion' by BSE brokers, traders

The income-tax (I-T) department has conducted searches at 39 locations to check alleged tax evasion by brokers and traders operating at the Bombay Stock Exchange (BSE) in transactions worth about Rs 3,500 crore, the Central Board of Direct Taxes (CBDT) said on Saturday. CBDT said raids and survey operations were undertaken on December 3 at 39 locations.