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The two real estate firms have engaged in tax fraud by inflating expenses in their construction and development business to the tune of Rs 28 crore, having made bogus purchases and resorted to over-invoicing of the construction materials, the IT officials said. Representational image/DC

I-T raids on 2 realtors in Hyderabad, Bengaluru

During the raids, the Income Tax officials recovered unaccounted cash worth Rs 3.50 crore and gold, silver, and...

12 July 2022 10:05 AM IST