Nation Current Affairs 03 Nov 2016 Income tax searches ...

Income tax searches construction firm offices in Hyderabad

DECCAN CHRONICLE.
Published Nov 3, 2016, 1:28 am IST
Updated Nov 3, 2016, 3:10 am IST
An official from I-T department said the searches were going on at the offices.
A team of six I-T officials held searches at Pavani Constructions at Madhapur based on credible information about a large number of money transactions, while another team checked out the offices of Western Constructions in Kondapur. (Representational image)
 A team of six I-T officials held searches at Pavani Constructions at Madhapur based on credible information about a large number of money transactions, while another team checked out the offices of Western Constructions in Kondapur. (Representational image)

Hyderabad: Income-tax officials conducted searches on two prominent construction companies in the city on Wednesday.

A team of six I-T officials held searches at Pavani Constructions at Madhapur based on credible information about a large number of money transactions, while another team checked out the offices of Western Constructions in Kondapur.

 

An official from I-T department said the searches were going on at the offices.
“These are not raids and just surveys. We have seized a few documents relating to money transactions and will verify them. We will conduct raids if we find violations or illegal transactions. Surveys are routine processes taken up if there is a doubt,” the official said.

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Location: India, Telangana, Hyderabad




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