Income Tax raids Vasavi Real Estate Group offices in Hyderabad, Telangana

The Income Tax department on Wednesday raided the offices of Vasavi Real Estate Group at 20 places in the states of Andhra Pradesh and Telangana in connection with the alleged tax evasion.

The Income Tax department on Wednesday raided the offices of Vasavi Real Estate Group at 20 places in the states of Andhra Pradesh and Telangana at the same time in connection with the alleged tax evasion.Vasavi Group includes Vasavi Realty, Vasavi Nirman, Sreemukh Infra Projects and Indmax Infrastructure.The IT officials have been conducting searches on the suspicion of irregularities in the payment of income tax and are inquiring whether any illegal transactions have taken place.