IT searches on GMR premises in Hyd, Delhi

Officials of the Income Tax Department today conducted searches on the premises of GMR Group in New Delhi, Hyderabad and few other locations in the country suspecting tax evasion.

According to IT sources the operations were being conducted by the Hyderabad investigation unit of the department. A team of 100 I-T sleuths, according to sources, were involved in the search and seizure operations in Hyderabad, Delhi, Mumbai and Bangalore since early this morning.
The I-T teams have scanned documents and payment details related to TDS (tax deduction at source) of the company and documents have been seized, they said. A GMR spokesperson confirmed the raids but refused to elaborate.
The GMR Group is an infrastructure enterprise active in airports, energy, highways and urban infrastructure sectors. The group has built and is operating airports at Delhi and Hyderabad. The Group also has a global presence within several countries including Turkey, South Africa, Indonesia, Singapore and the Maldives.

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