India News | I-T Conducts Raids on Two Companies, Search Underway Across 40 Locations
Get latest articles and stories on India at LatestLY. The Income Tax department on Tuesday launched a search operation in two well-known companies in Ahmedabad, Astral Pipes and Ratnamani Metals, said a press release from the department.
New Delhi [India], November 23 (ANI): The Income Tax department on Tuesday launched a search operation in two well-known companies in Ahmedabad, Astral Pipes and Ratnamani Metals, said a press release from the department.
The Sindhu Bhavan office of Astral Pipes has been raided.
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Police staff have also been deployed around the company. More than 150 Incometax officials have joined the probe.
Investigation at 25 places in Ahmedabad and 15 places outside Gujarat. As per the details received in this regard, investigations are underway at various locations of the company in Gujarat, Maharashtra, Delhi and Rajasthan.
The investigation has been conducted at 40 locations of Astral Pipes. Of these, 25 are in Ahmedabad and 15 outside Gujarat. Astral Pipes chairman Sandeep Engineer and Ratnamani chairman Prakash Sanghvi are being investigated by an Income Tax team there.
Apart from this, other directors of both the companies are also being checked there. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)