Bhubaneswar: The Income Tax Department officials on Wednesday conducted simultaneous raids at 20 places associated with Bhubaneswar-based real estate and construction company DN Group on the allegations of tax evasion.
According to sources, raids are being conducted at the residences of the company’s director, staff and office at IRC Village in the city and substantial amount of cash was reportedly seized from the house of a staffer at Unit-4.
The team has also seized some important documents of the company during the search.
The company officials are yet to comment on the I-T raid.
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