IT raids in Vizag, Hyderabad

Sleuths of Income tax department are conducting raids simultaneously in Visakhapatnam and Hyderabad on Wednesday.

Visakhapatnam: Sleuths of Income tax department are conducting raids simultaneously in Visakhapatnam and Hyderabad on Wednesday.

The department formed about 20 teams and raided the houses and offices of directors of a real estate company in Hyderabad and similar raids and searches are being held on pharma companies and their directors’ homes in this port-cum-steel city in over ten areas by about 15 IT squads.

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