Income Tax Department seized 1 crore 51 lakh cash, raids continue in a dozen locations

Gurugram. The Income Tax Department has taken major action against Trehan Group. Raids were conducted simultaneously at 19 locations in Gurugram, Alwar, Faridabad and Bhiwadi. A team of about 50 vehicles and 150 officers took part in the action. During this, phones of all the directors and officers of the company were seized.

Rs 51 lakh cash has been recovered from the company’s associate office in Gurugram, while information has come to light about more than one crore cash being found in Alwar. Machines were used to count the cash. Two days before this IT raid, Anand Gupta, who lives in a flat in Amrit Kalash Society, had lodged an FIR of fraud against Trehan Home Developers.

According to officials, complaints of tax evasion were being received against Trehan Group for a long time. Based on these complaints, the Income Tax Department took this action. All the offices and directors’ houses are being thoroughly investigated. Laptops, bank accounts and other files related to the company are also being searched. Apart from Alwar, Faridabad and Gurugram, the Income Tax Department has also taken action in Jaipur and Delhi. Sources say that during the investigation, tax evasion on a large scale may be revealed. However, no official statement has been issued by the department yet.