NEW DELHI: The Income Tax department today conducted searches at over 50 locations as part of its crackdown against tax evasion to the tune of over Rs 100 crore, its first major action after the black money disclosure window of PMGKY ended recently.
Officials said the first set of raids are being conducted against an Ahmedabad-based real estate and infrastructure player. Tax sleuths, they said, have visited 30 locations in cities like Rajkot, Mumbai, Delhi, Hyderabad and Ahmedabad as part of this action and multiple entities and people have been brought under the action.
This is the first major I-T action after the black money window of the Pradhan Mantri Garib Kalyan Yojna (PMGKY), announced by the Government for stash holders to come clean post-demonetisation, came to a close on March 31. (AGENCIES)
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