The income tax department is conducting raids on real estate firm Amrapali Group, one of the biggest builders in the National Capital Region, for suspected evasion of taxes and black money circulation. The company is closely associated with Indian cricket captain MS Dhoni who is a brand ambassador for the firm while his wife Sakshi holds 25% stake in one of the joint ventures of the group.
The I-T department swoop was launched on Wednesday with raids being conducted at various premises of the group in Delhi, Noida, Greater Noida and Faridabad. Various teams of the I-T department have seized crucial documents of the company which would be examined after the raids are over.
Sources said the I-T department was tipped off about the group having allegedly circulated black money through various means and in turn evaded taxes to the tune of crores of rupees. “The raids are still on and exact details of the recovery and of tax evasion , if any, would be clear only after scrutiny of all the documents,” a senior I-T official said.
source :www.indiatimes.com
