The Income Tax (I-T) department constituted 40 teams comprising as many as 250 officials to conduct searches at spots linked to four Noida-based construction groups, including, Bhutani Infra, Group 108, Advent, and Logix, over tax evasion charges.
Advertisements
After conducting a 6-day search at all spots linked to the companies, the I-T officials recovered unaccounted cash worth over Rs 1,500 crore.
The Income Tax department has named the operation ‘Mahakal’, which targeted the four companies that were evading tax while selling commercial spaces. The I-T officials also raided two broker companies.
Read more at: INDIA TODAY
Share this content: