Small BusinessI-T raid on ABG Shipyard offices, official residences
Income Tax (I-T) authorities are carrying out search operations at various establishments of the ship- building and repairing firm, ABG Shipyard, for alleged tax evasion, an Income tax Department source said.
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The searches are being carried out in about 26 establishments — both office complexes as well as residences of company officials — across four cities, the source added.
The raids, conducted by the Director, Income Tax (Investigation) Unit 1, are being carried out in Mumbai and Surat, Dahej and Bhuj (in Gujarat).
An official of the company, who asked not to be identified, confirmed the I-T raids saying these started at 7 am today.
The spokesperson of the company, however, could not be reached for comments.