In a significant development, the Income Tax Department (ITD) conducted raids on major real estate players, Ladani Associates and Gujarat's prominent Orbit Group. The searches, spanning 28 locations in Rajkot, targeted homes and offices of the groups' directors. The investigation focuses on allegations of tax evasion and suspicious transactions. The raids on Orbit Group, a key player in Gujarat's real estate, have sent shockwaves through the Rajkot builder community.
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Wed, Jan 22, 2025
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