Ahmedabad: The Income Tax (I-T) Department conducted a nationwide survey on Sunday covering 62 restaurants in 46 cities across 22 states, and detected large-scale tax irregularities in the food and beverage sector. According to a statement issued on Tuesday by the Central Board of Direct Taxes (CBDT), the survey uncovered suppression of sales worth around ₹408 crore. It has been learnt that among the establishments surveyed, three were located in Ahmedabad and one in Surat. In a release, V. ...Read More

Ahmedabad: The Income Tax Department on Sunday launched a nationwide survey at around 60–70 locations to expose a well-organised software-based network allegedly used by restaurants across several States and Union Territories, including Gujarat, to evade taxes on a large scale. The crackdown was initiated by the Central Board of Direct Taxes (CBDT) after a routine inspection at a group of biryani restaurants in Hyderabad last month revealed large-scale concealment of sales, estimated at nearl...Read More

Surat: The Income Tax Department conducted search operations last month at premises linked to the Mirrikh Group, Opera Group, and several land brokers, including Agam Vadecha. It has now come to light that during the probe, officials found that the chain worn by a pet dog at one of the premises was reportedly made of gold, leaving even IT officials astonished. Investigators suspect that large amounts of unaccounted money may have been invested in gold. The department is now gathering details of...Read More

Surat: In a significant crackdown ahead of the March financial year-end, the Income Tax (IT) Department has launched large-scale search operations across Surat and Navsari, targeting prominent real estate and business groups over suspected tax evasion and unaccounted cash transactions. Search operations began early Wednesday morning and are currently underway at multiple locations linked to the Mirrikh Group and Opera Group. These groups are associated with major real estate projects in Navsari...Read More

Surat: The Surat branch of the Income Tax Department has launched search operations at multiple premises linked to some of the city’s leading industrialists and diamond traders. The action reportedly targeted Anil Bagdana of the Mahakal Group and his partners Tarun Bhagat and Pravin Bhoot, along with Dhiru Gajera of Laxmi Diamond. A large team of IT officials is carrying out searches at business offices, residences and project sites in Surat and Mumbai. Officials are reportedly examining fina...Read More

Ahmedabad: The Income Tax Department has launched a mega search operation in the city at the premises of leading builder groups, triggering widespread unease within Ahmedabad’s real estate sector. According to sources, the raids are being carried out at the offices and residential premises of the Kameshwar Group and Deep Builders. Search operations are being conducted at locations linked to Prahalad Patel, Dipen Patel and Nikunj Patel of the Kameshwar Group, as well as at the premises of Din...Read More

Ahmedabad: The Income Tax Department has launched a large-scale search operation targeting Vinod Group, a leading denim jeans manufacturer in the city. Reports indicate that raids are underway at over 35 premises linked to the company, including the residences of 19 individuals, among them directors Vinod Mittal and his brother. Searches are being conducted in areas including Satellite, Narol, Pirana, Saijpur, and Piplaj as part of the ongoing investigation. It is learnt that more than 150 off...Read More

Bhuj: The Income Tax Department (IT) is conducting search operations at locations linked to the Ramee Group of Hotels. It is learnt that the extensive operation is underway at 38 locations across 10 cities nationwide, including Bhuj in Gujarat. The Ramee Group operates over 40 hotels across the country. In Bhuj, officials are carrying out investigations at Rami The Shrinivas Palace. Beyond Gujarat, the search operations also cover sites in Mumbai and several other cities. The widespread raids ...Read More

Surat: The Income Tax Department has launched an investigation into Jainam Share Consultants Pvt. Ltd., a firm involved in share trading. Officers from the Surat IT department, along with a special team from Amritsar, conducted searches at five locations in the city linked to the company. The probe comes after allegations that the company’s employees collected large sums of money from investors under the guise of lucrative share market schemes. Many investors reportedly did not receive the pr...Read More

Morbi: The mega search operation by the Income Tax Department on the Lavish and Metro Ceramic Group in Morbi entered its third day today. In the large-scale operation that began on Tuesday, authorities have so far seized Rs 11 crore in unaccounted cash and Rs 5 crore in jewellery, while uncovering benami accounts worth over Rs 250 crore. According to reports, the scale of unaccounted wealth discovered is unprecedented in Gujarat’s ceramic industry, an IT official said. Led by the Joint Commi...Read More