IT officials raid premises of Om Shanti builders and Regal Homes
On Tuesday, August 12, Income Tax (IT) officials raided the premises of two leading realty developers across a total of 18 locations across Indore as well as Bhopal. The two builders whose premises were raided by the IT officials were Om Shanti builders and Regal Homes.
The raids were carried out by the IT officials at the different offices, construction sites, and homes of Om Shanti builders and Regal Homes. The property of Dwarkadhish builders – the company which is a Regal Homes partner – was also raided by the officials.
According to the details shared by an unidentified IT official, the raids at the different premises of Om Shanti builders and Regal Homes in Indore and Bhopal have led to the confiscation of a number of documents by the IT sleuths.
Some other sources have also revealed that the documents seized by the IT officials in the raids at the Om Shanti builders and the Regal Homes premises pertained to several properties and bank lockers, and even cash.
However, ascertaining that the IT department has not yet calculated the amount of black money held by the two builders, the IT official said: “The documents (seized in the raid) are being scanned.”
Source – The Times of India
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