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Income tax department raids five builders, finds Rs 400 crore tax evasion

Dated on: Wednesday 20th September 2023

200 income tax officials have conducted raids at 28 locations over the past five days, uncovering alleged tax evasion of Rs 400 crore by five real estate developers, some of whom own hotels and schools in the city. The raids began on September 14 and are still ongoing.

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