Search operations were carried out by Income Tax (I-T) sleuths on as many as 24 premises belonging to four builders in the region. Their offices and residences were searched by the Income Tax sleuths. The search operations,which commenced early in the morning,were on till the filing of this report.
The four builders whose premises have been searched are Janta Land Promoters Limited,Sushma Builders,Acme Builders and Jagat Singh & Sons. Over 100 Income Tax sleuths conducted the search operations. Offices and residences in Sectors 16,22,28,33,37 and Phase I Industrial Area were searched.
Other than Chandigarh,offices and other premises in Mohali (Sectors 72 and 80),Zirakpur,Ambala,Panchkula and Ludhiana were searched. Important documents pertaining to properties and recent property deals have been confiscated by the Income Tax officials.
A senior Income Tax official told Newsline,We had received secret information alleging unaccounted wealth/ unexplained income of these builders. Documents have been confiscated which will be perused by us. After the scrutiny of the documents and tally of their returns,we will assess whether there has been any tax evasion.
The assistance of the local police was taken for the search operations.