Income Tax Raids On Real Estate Developers in Gujarat

10-janJan 10 2013, AHMEDABAD: Income Tax officials conducted searches on 46 offices of property developers of Ahmedabad and Vadodara. This included the premise of Pacifica real estate group. More than 200 staff were a part of this search operation that also included policemen.

One of the I-T officials informed that Gujarat’s real estate developers, based in Ahmedabad and Vadodara had their office searched.

“A total of 46 premises of real estate developers in Vadodara and Ahmedabad, including, Madrid, a joint venture partner of Pacifica real estate group and sub-groups are being searched simultaneously for tax evasion today,” an I-T official said.

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