Income tax dept conducts searches on K Raheja Group companies
The Income Tax department on Thursday conducted searches on K Raheja Group companies including Shoppers Stop Limited in relation to non-disclosure of property or income under the Income Tax Act, 1961.
The I-T department conducted searches at the company’s premises in Delhi, Mumbai and Pune. A senior Income Tax official confirmed that searches took place at eight locations and that 26 warrants were issued.
Searches were also conducted at offices of the K Raheja Group, sources told Moneycontrol.
More to follow…