The Income Tax Department is in the process of conducting search operations on realty developer company Omaxe Limited. According to sources, the search began at 7 am on Monday at various office locations of the company.
According to a CNBC-TV18 report quoting sources, people privy to the move have said that the searches were being conducted at 28 locations in North India, including office and residential premises of top company management in Noida, Delhi, Gurugram, Faridabad, Chandigarh, etc.
As per the report, the action of the Income Tax Department is linked to investigations that found out alleged irregularities and concealment of income by the company.
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