I-T raid seizes Rs 9 cr from Lodha premises: Sources

Income tax (I-T) raid operation on Lodha group has concluded reports CNBC-TV18 quoting sources.

January 12, 2011 / 15:19 IST

Income tax (I-T) raid operation on Lodha group has concluded reports CNBC-TV18 quoting sources.

Beginning on 10 January, the taxmen conducted search at around 40 premises of Lodha Group. It is learnt that around Rs 200 crore of alleged disclosure has been made by the company. Taxmen have allegedly seized Rs 9 crore on the premises.

Lodha group, however, has declined to comment on the raid.

first published: Jan 12, 2011 03:18 pm

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