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I-T Searches at Premises of Real Estate Developer in Hyderabad

IANS

Last Updated: December 06, 2022, 15:36 IST

Hyderabad, India

The I-T sleuths were carrying out simultaneous searches in Hyderabad and at Vijayawada and Nellore in neighbouring Andhra Pradesh (Image: Shutterstock)

The I-T sleuths were carrying out simultaneous searches in Hyderabad and at Vijayawada and Nellore in neighbouring Andhra Pradesh (Image: Shutterstock)

The searches were on at the offices of the top executive of the company in upscale Jubilee Hills in Hyderabad

The Income Tax (IT) department officials were on Tuesday conducting searches on the premises of leading real estate developer Vamsiram Builders.

The I-T sleuths were carrying out simultaneous searches in Hyderabad and at Vijayawada and Nellore in neighbouring Andhra Pradesh.

About 20 teams of the I-T officials began the searches at the houses and offices of the CEO, managing director, directors, partners and investors early Tuesday.

The searches were on at the offices of the top executive of the company in upscale Jubilee Hills in Hyderabad.

The officials were checking records following complaints of alleged tax evasion. Personnel of Central Reserve Police Force (CRPF) were also deployed to provide protection to the I-T officials.

The searches are likely to continue throughout the day and may even extend to Wednesday.

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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
first published:December 06, 2022, 15:36 IST
last updated:December 06, 2022, 15:36 IST
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