Hyderabad: Income-Tax officials on Tuesday conducted raids at the offices of Asian Cinema & Multiplexes Private Limited and Skill Promoters Infra Private Limited here.
Sleuths from the anti-tax evasion wing of the department began the searches early on Tuesday at the residences of its top officials and corporate offices of the two companies based in Hyderabad.
Promoter of Asian Cinemas & Multiplexes, Sunil Narang owns a chain of theatres in twin cities, located at Kukatpally, Uppal and Kapra. The searches were held at the residence of Narang and the corporate offices.
Raids were also conducted on the corporate offices of Skill Promoters Infra Private Limited as well.