Income Tax Department Launches Major Operation in Indore
The income tax department initiated a significant search and seizure operation on Friday. This action targeted entities operating within Indore's real estate, road construction, and toll sectors. Official sources confirmed the operation followed specific intelligence about suspected suppression of taxable income and unaccounted financial transactions.
Widespread Searches Across the City
More than two dozen income tax teams, supported by substantial police deployment, executed simultaneous raids. They targeted offices, toll booths, project sites, and residential premises throughout Indore. Investigators meticulously examined digital records, hard drives, and financial ledgers. Their primary goal was to trace evidence of tax evasion, benami assets, and potential hawala routing.
One focal point was the Indore headquarters of a group involved in road construction and toll projects. The operation covered its offices, toll plazas, residences of key personnel, and several other business-linked locations.
Construction Giant and Associates Under Scrutiny
The searches also extended to a major construction company. Teams targeted its Sapna–Sangita Road office, project sites at Bicholi Hapsi, and the residences of the company's director. Authorities further initiated action against entities associated with this developer. This included Kannod-based developers and construction firms, as well as another related company.
A senior Income Tax official, speaking anonymously to TOI, explained the operation's basis. "The operation is based on specific financial intelligence inputs," the official said. Teams are thoroughly examining contract payment records, project-wise accounts, and inter-company transactions. This scrutiny aims to identify any concealment of income.
Documents Seized and Investigations Deepen
Officials confirmed the seizure of numerous documents. These records pertain to real estate ventures, infrastructure contracts, and toll collections. Investigators are also probing benami property registrations and cash-based transactions.
The searches continued as officials gathered evidence. A forensic analysis of the seized digital data and documents will now determine the scale of undisclosed income. This analysis will guide any further legal action.
This operation forms part of a broader government crackdown on tax evasion. Sectors known for cash dealings and unaccounted investments remain under intense scrutiny. The income tax department is demonstrating its commitment to uncovering financial irregularities in key industries.
