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Income tax sleuths conducted raids in Chennai, Coimbatore, Erode, and Namakkal on real estate companies, pumpset manufacturers, and construction companies. The searches were conducted to detect suspected tax evasion.
Income tax officials conducted geo surveillance at the residence of Congress MP Dhiraj Sahu in Ranchi and Lohardaga, uncovering hidden wealth. Read more about the ongoing operation and its findings.
It was also unearthed that in many instances, the land owners suppressed income from capital gains for various years by artificially inflating the cost of acquisition and various other costs.
I-T sleuths conducting raids at 35-40 premises of Asian Granito India in Gujarat
I-T officials have conducted coordinated raids at more than 50 places in Karnataka, sources said