Real estate businessman Hiranandani Group accused of tax evasion, raids at 25 places in three cities including Mumbai

Income Tax Department raided about 25 places of Hiranandani Group. This action was taken in three cities. This includes Mumbai, Chennai and Bangalore. Let us tell you that the team has conducted the raid on the allegation of alleged tax evasion.

The Income Tax Department on Tuesday conducted a massive search operation in Mumbai, Bangalore and Chennai simultaneously. According to the information, the department searched about 25 premises of Hiranandani Group, one of the largest real estate developers in the country. According to sources, this raid has been done for alleged tax evasion.

Officials of the Income Tax Department searched the offices, selling areas and residential premises of top officials working for the group, including the Chief Financial Officer (CFO). Let us tell you that raids were conducted on the premises in Powai and Thane in Mumbai. Many teams reached Mumbai, Chennai and Bangalore together in the morning.

Sources told that the officials of the Income Tax Department team scrutinized the documents of finance, sales and transactions of Hiranandani Group. Let us tell you that Hiranandani is one of the leading companies in the construction, health care and energy sector.

At the same time, a company spokesperson said that our group has already made it clear that the trust/property held by the family abroad is completely genuine and in compliance with all laws. Apart from this, all the questions of the officers of Income Tax Department are being fully resolved. We assure full cooperation in this matter.