I-T searches at premises of real estate developer in Hyderabad

by IANS |

Hyderabad, Dec 6 (IANS) 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.

Latest News
One killed in Texas wildfire Fri, Mar 01, 2024, 04:09 PM
Two men sentenced for attempted robbery, assault on doctor during night walk in Delhi Fri, Mar 01, 2024, 04:09 PM
Heavy rains trigger flash floods in Indonesia Fri, Mar 01, 2024, 04:07 PM
1 in 8 people globally is now obese: Lancet Fri, Mar 01, 2024, 04:07 PM
Lucknow's KGMU offers new hope for those who need artificial eye Fri, Mar 01, 2024, 04:02 PM
Singapore real estate group CapitaLand purchases Pune IT SEZ project for Rs 7.73bn Fri, Mar 01, 2024, 03:51 PM
'Amid steep valuations, SC diktat creates overhang on future price hikes, expansion for hospitals' Fri, Mar 01, 2024, 03:49 PM
Projects worth Rs 48K crore to create 14,000 jobs in Ayodhya, Varanasi, Mathura Fri, Mar 01, 2024, 03:47 PM
Sheikh Shahjahan not cooperating with investigating officers: Sources Fri, Mar 01, 2024, 03:45 PM
Blast in Bengaluru cafe, five injured Fri, Mar 01, 2024, 03:26 PM
Defence Ministry inks MoUs worth Rs 39,125cr to procure military equipment Fri, Mar 01, 2024, 03:25 PM
IPL 2024: Kolkata Knight Ridersí main pre-season camp to begin from March 15 Fri, Mar 01, 2024, 03:17 PM
Green's ton vindicates selectors' decision to stick him in at no. 4: Hockley Fri, Mar 01, 2024, 03:14 PM
Guterres condemns killing of over 100 around food convoy in Gaza Fri, Mar 01, 2024, 03:06 PM
Guterres condemns killing of over 100 around food convoy in Gaza Fri, Mar 01, 2024, 01:53 PM