Income Tax Department Conducts Research at 30 Locations Across Ahmedabad:

Income Tax Department Conducts Research at 30 Locations Across Ahmedabad The Income Tax Department on Monday, raided 30 places in Ahmedabad and its areas. The action was aimed at well-known builders, investors, government contractors, and stock market brokers. As a part of this action, a special team of officers flew in from Mumbai, joined by officials from Surat, Vadodara, Rajkot, and Ahmedabad, forming a team of around 400 members. Officials found proof of huge tax evasions and many transactions that were not recorded during the searches. The raid was carried out early in the morning at the office, home, and construction sites of a well-known builder, Pravin Kotak. They also searched the places of his relative Jayesh Kotak and others linked to him. The department is also looking into land bought by the Iskon Group in areas including Ghuma, Bopal, Bavla, Bagodara, and Viramgam. The Amrapali Group's office in Ahmedabad was also raided by the officers. In the city, many builders and business owners are believed to have invested large amounts of money into the stock market. Officials believe that they turn black money into white money by paying a fee. The team also visited stockbroker Rajesh Zaveri’s home and workplace. He is known to manage funds for several businessmen and builders. The department found many useful documents and information during these investigations. Dinesh Agrawal, a government contractor, and his partner, Varun Agrawal, are also being investigated. Officials are checking the old projects done by their company. Another major investor, Jatin Gupta, is also under investigation. The team is checking where he invested his money and how it was transferred.

Illegal Dabba Trading

A closed flat in Paldi, owned by Megh Shah and his father, Mahendra Shah, was searched by officials. Inside, they found cash and gold worth crores. They are accused of helping wealthy individuals turn black money into white using illegal dabba trading in the stock market. Their connections and activities are now being monitored by the officials.

Officials Investigating Black Money

Sources say an income tax officer named Santosh Karnani, who was accused of taking a Rs. 30 lakh bribe, had made large investments with several builders and companies. During the raids, officials believe they may find more such black money made by corrupt government officers. The Income Tax Department has gathered information from all 30 locations, including bank account details, digital data, documents, and financial records. This information is being investigated.