Income-tax raids at major business houses in Gujarat

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Ahmedabad, Sep 1 (UNI) In one of the biggest search and seizure operations in Gujarat, Income-tax sleuths today conducted simultaneous raids at 55 premises of leading industrial and business houses at various places in the state.

According to state IT sources, over 100 IT teams, consisting of over 500 officers, conducted simultaneous raids at corporate offices, factories and residential premises of leading business and industrial houses of Gujarat.

Ambuja Protein, Tirupati Agro, Ambuja Export, Balaji Cotton, Ganesh Housing, three leading construction companies and three major hotel groups were among those raided.

IT officials from Mumbai, Delhi, Kolkata and Rajkot were assisting in the operation, the sources said.

The search and seizure operations were still on and their findings will be disclosed later, the sources added.


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