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Taxmen search local builder’s office

Taxmen search local builder’s office

14 Feb 2018 No comment 6 hits

Panaji: Acting on intelligence, the income tax department on Wednesday evening conducted searches at five properties belonging to Adwalpalkar Constructions and Sinc Hospitality for suspected tax evasion. Five teams of income tax sleuths searched several offices belonging to the Adwalpalkar Group, which is into real estate and nightclubs.
Adwalpalkar Constructions, earlier known as Modest Builders, is a major player in Goa’s real estate sector and has projects in Panaji, St Cruz, Taleigao and Old Goa.

Officials from the department are perusing documents and questioning key officials of the company, said an income tax official. Sources said that the searches will continue on Thursday.

Searches were conducted at the Adwalpalkar Constructions office at St Inez junction, at the office near Caculo Mall and in Candolim.

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Source: Taxmen search local builder’s office

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