Quick Summary
The Income Tax department conducted searches on the premises of a real estate developer called Orris Group and its linked companies in Noida and Greater Noida over suspected tax evasion. These searches were carried out by officials from the North Western Region of the Income Tax department. Similar searches had also taken place in Gurugram the day before. The Orris Group had been allotted land for a group housing project called Green Bay Golf Village in Sector 22D of the Yamuna Expressway Aut
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FAQ :
The Income Tax department is conducting searches on Orris Group and its linked companies due to suspected tax evasion.
The raids took place on the premises of Orris Group and its associated companies in Noida and Greater Noida.
Yes, in 2018, Orris Group's subsidiary faced an FIR for cheating and forgery, and its chairman was booked in a related case.
As of February 28 of a certain year, Orris Group had pending dues of Rs 761.99 crore towards the Yamuna Expressway Authority, making it the largest defaulter in the group housing category.
No, the Income Tax department's raids on multiple builders in the Delhi-NCR region suggest a broader crackdown on tax evasion within the real estate sector.
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