The three firms were hiding their real income which came under the Income Tax Department radar namely Internet marketing service provider, Pinnacle Teleservices Pvt. Ltd, located in Pinnacle House, Tilak Nagar, Near Law College Square. Vithoba Industries Pvt. Ltd is a prominent manufacturer and supplier of Dant Manjan ( Tooth powder) located in Hingna Road, MIDC, Wadi, and a prominent Kirana trader Maganmal in Maskasath, Itwari.
The Nagpur- based Pinnacle has been a communication solutions partner for large and small enterprises since 2003. The Kirana trader Maganmal is in the Kirana business for years and is renowned in the market. The Dant Manjan has been in the business for more than a decade in the market, widely accepted and very popular in MP, Chhatisgarh, Vidarbha, Andhra Pradesh, Uttar Pradesh, Gujrat, and Northern Maharashtra.
The Income tax sleuths seized incriminating documents on large scale. The raid was carried out on early Thursday morning.