Quick Summary
In a coordinated operation, multiple teams comprising around 170 Income Tax (I-T) officials launched extensive searches on three interconnected real estate firms on Friday morning. The operation targeted 34 residential and commercial premises across Gujarat, with Ahmedabad accounting for 25 locations. Other locations included Gandhinagar, Mehsana, and Morbi. Focus on Mehsana-Based Developer Sources revealed that a prominent Mehsana-based real estate developer group was under scrutiny for its
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FAQ :
The Income Tax Department is investigating a Gujarat-based builder group for suspected large-scale tax evasion through unaccounted transactions with silent partners.
Approximately 34 residential and commercial premises across Gujarat are being searched.
The searches are taking place across Gujarat, with a significant focus on Ahmedabad (25 locations), Gandhinagar, Mehsana, and Morbi.
The main target is a prominent Mehsana-based real estate developer group with projects on Vaishnodevi Circle, SP Ring Road, and SG Road.
Sources suggest that some of the silent partners or investors in the developer group may have political ties.
Officials indicated that the searches could extend over the next 2-3 days.
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