AHMEDABAD: It’s raining search and survey for the income tax department in Ahmedabad. I-T officials cracked down on a city-based developer. The group, which owns a mall near SG Highway, has launched several hi-end residential schemes in the past few years.
Earlier, the I-T department had carried out search and survey on 30 premises of a city-based realtor and commodity trading firm and its associates. During the operations, the department attached around 15 bank lockers and seized Rs 1 lakh cash.
Later, I-T officials cracked down on the city-based angadia firms and seized Rs 12 lakh cash from one of the firms.
In the last few weeks, the department has carried out more than 10 search and surveys on realtors, cloth merchants, stock brokers and commodity traders.
In the survey on two cloth merchants at New Cloth Market, the department recovered around Rs 1.5 crore of tax after they found major discrepancies in their stock. “Due to administrative reasons there were hardly any search and survey during this financial year in the state. But after September 15, there have been over a dozen I-T operations across the state,” said a senior I-T official.
Thank You For Your Vote!
Sorry You have Already Voted!
