LUDHIANA: Three real-estate tycoons from Ludhiana came beneath the scrutiny of the Income-Tax department as nearly 150 sleuths of its investigation wing simultaneously swopped down on 40 premises of the trio and their buddies on Wednesday.
Strangely, simply after the IT raids, two individuals whose premises had been among the ones raids had been allegedly hospitalised and their observation could now not be recorded by way of IT department. The IT raids include businessemen places of work, houses in AC Market, Bhadaur House, BRS Nagar , Haibowal, Rajguru Nagar Market, Field Ganj and Jagraon.
According to a supply, in IT department the three primary businessmen had been beneath the department’s radar over money deposits of over Rs 18 crore at the time of demonetisation in November 2016.
The businessmen demolish previous constructions and make new structures of their position. They are into the industry of commercial and housing tasks in addition to operating as a realstate dealer, the supply added.
However, all homes being raided are associated to the three businessmen and their buddies which include several property sellers, deed writers etc who've industry dealings with them.
Given their scale, the raids are expected to proceed with identical vigour. “Lot of incriminating paperwork pointing in opposition to gross sales of homes in black too had been found," said a supply.
Strangely, simply after the IT raids, two individuals whose premises had been among the ones raids had been allegedly hospitalised and their observation could now not be recorded by way of IT department. The IT raids include businessemen places of work, houses in AC Market, Bhadaur House, BRS Nagar , Haibowal, Rajguru Nagar Market, Field Ganj and Jagraon.
According to a supply, in IT department the three primary businessmen had been beneath the department’s radar over money deposits of over Rs 18 crore at the time of demonetisation in November 2016.
The businessmen demolish previous constructions and make new structures of their position. They are into the industry of commercial and housing tasks in addition to operating as a realstate dealer, the supply added.
However, all homes being raided are associated to the three businessmen and their buddies which include several property sellers, deed writers etc who've industry dealings with them.
Given their scale, the raids are expected to proceed with identical vigour. “Lot of incriminating paperwork pointing in opposition to gross sales of homes in black too had been found," said a supply.
Two Ludhiana businessmen hospitalised after IT dept conducts raids on their premises
![Two Ludhiana businessmen hospitalised after IT dept conducts raids on their premises]()
Reviewed by Kailash
on
November 29, 2018
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