Income-tax Dept carries out searches at 27 locations in Gurugram

Following the complaint of tax mess, the Income Tax (I-T) Department has raided 27 places of owner of Kingdom of Dreams and 32nd milestone and his cognizant. Two teams were searching in 6 flats located in DLF magnolias society till the filing of the report.

In this, income tax evasion of about Rs 500 crore is estimated to be unearthed. In fact, how much income tax evasion is there, the situation will be known only in a day or two. As soon as the news of this action came to the notice of other institutions and companies, there was a stir in their management system. He kept trying to get information from moment to moment. The cooperation of the local police was also taken for this action.

Sources say that among the 27 places where raids have been carried out, there are offices and their residences at half a dozen places including DLF, Golf Course Road, Magnolias Society, Sector-29, Manesar. Apart from cash in large numbers, FDs, deposits in bank accounts, jewelery etc. are being told. The Income Tax Department official has expressed ignorance about giving any kind of information in this regard.