I-T searches on real estate firm

The income tax investigation unit of Hyderabad conducted searches on Thursday at multiple locations belonging to Anvitha Real Estate Group to investigate suspected tax evasion. The company has real estate projects in Abhi Dhabi, the United States, and Kollur, Hyderabad. Searches took place in Hyderabad and Rangareddy districts.

Anvitha Group is currently working on projects like Anvitha Invana and Anvitha High9 in Kollur, as well as two other projects.

The group previously completed Bhuvi Residency in Bachupally and is also involved in a project in Dallas, Texas.

Searches were also conducted at the offices of two directors, Atchuta Rao Boppana and Anup Boppana. Income tax officials inspected the registered office of Anvitha infra Projects Prviate Limited in Raidurg, Gachibowli.

The investing looked into other associated companies, including Anvitha Buldpro and Anvitha Assets Private Limited, which are linked to the directors.

Source: The Times of India