AHMEDABAD: A major real estate company came under the scanner of the income tax (I-T) department on Tuesday as multiple teams carried out extensive survey operations at its offices, from the early evening till late in the night.Sources in the I-T department said that the surveys on the bSafal Group took place due to suspicion that a few of their financial records were not tallying.
They, however, kept mum on the volume of the scrutiny, the assessment year or whether cash or valuables had been found or seized. More details, from their physical and digital books of account, will be revealed on Wednesday, they added.
The sources said that some more premises may come under the lens if required. Senior I-T officials could not be contacted on Tuesday night. “It’s a routine procedure when teams have a suspicion over a discrepancy. Further investigation is on,” said sources.