I-T searches: ₹800 crore detected in A.P., Telangana
The Hindu
Firms engaged in real estate business
The Income-Tax Department’s searches on three real estate developers in Andhra Pradesh and Telangana have led to the detection of unaccounted transactions worth over ₹800 crore.
The groups are engaged in the business of land development and construction activities in Kurnool and other mofussil areas of Andhra Pradesh and Telangana. “More than two dozen premises have been covered in the search operation spread over Kurnool, Ananthapur, Kadapa, Nandyal, Bellary, etc.,” said the agency.
The I-T Department said digital data was seized from a specialised software application and other electronic gadgets.
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