STOCK MARKET BSE NSE

I-T searches at MyHome Group premises in Hyderabad ‘to correlate info’

They said that the company has a joint venture project for the development of a commercial real estate property in Hyderabad.

Published: 07th July 2019 09:15 AM  |   Last Updated: 07th July 2019 09:15 AM   |  A+A-

By Express News Service

HYDERABAD: Following reports of searches conducted by an anti-tax evasion team of the Investigation wing of Income Tax at the premises owned by the MyHome Group on July 4, the company issued a clarification on Saturday, saying that it was a result of searches conducted on a Bangalore-based real estate company at multiple locations across the company “only to correlate certain information from our end”, read a press note.

They said company has a joint venture project for the development of a commercial real estate property in Hyderabad. “MyHome Group has provided the I-T department all the information required by them,” added the release. 



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp