Ward Wizard aggressive expansion in various sectors like medical, healthcare, entertainment and food apart from EV may be a prime cause .
The company was Exclusive sponsor of United Way Garba in year 2022.
The company is also involved in Vadodara Marathon.
A comprehensive survey has been conducted by the Income Tax Department this morning on Ward Wizard Company in Vadodara. The survey involved various teams from the company plant to the managers’ residences. Currently this operation is going on, there is a strong possibility that huge tax evasion will be revealed at the end of the investigation.
Ward Wizard recently signed an MOU at Vibrant Gujarat 2024.
The well known Ward Wizard Company of Vadodara is involved in various fields from E-Bike to Garba. Recently, the company has launched large-scale operations in the medical sector, i.e., hospitals and drug stores
This morning, the Income Tax Department teams have conducted extensive raids at the residence and company plant of Yatin Gupte, surveyor of Ward Wizard Company. In the action taken by the Income Tax Department, the books of accounts of various businesses are being examined. A detailed examination of electronic data in particular has been carried out.
Finally the Ward Wizard Group joined the lead role in the Heritage Garba hosted by the Royal Family of Vadodara. Rails can also reach down to others if intensive investigation is carried out. According to the sources, at the end of the investigation in this matter, a big tax evasion may come to light.
It may be noted here that a short time ago, the Income Tax Department took a major action against RR Kabel. After which a major action has been taken on the Ward Wizard Group. It remains to be seen what the IT department will do at the end of the investigation in this matter.
