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Four Asset Reconstruction companies (ARCs) are under observation of Income tax department, said by the people with knowledge of its investigation.

These ARCs are being probed for allegedly passing on just about 20% of this amount as recoveries from the non-performing assets they had acquired from banks,said the people

Names were not disclosed by the department but there are peoples talking that CFM Asset Reconstruction Pvt Ltd. ,Omkara Asets Reconstruction Pvt. Ltd, Rare Asset Reconstruction Pvt Ltd. and Invent ARC Pvt Ltd are the four companies

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