IT raids on companies belonging to TDP leaders create flutter

Friday, October 5, 2018

The Income Tax authorities today conducted searches on the office premises and residences relating to the executives of three companies in Vijayawada, Penugachiprolu in Krishna district, Guntur, Visakhapatnam, Nellore, Ongole and other towns created flutter.

Teams of IT officials first examined files at the office of Hyderabad based Southern Developers at Labbipet in the city and are learned to have detected some violations. Then They looked at the records maintained by V.S.Engineering Private Limited in Gunter and residences of the officials in Vijayawada. The searches were conducted that the companies have violated various rules under the Income Tax Act.

The officials also conducted raids on the offices of NSR Housing Private Limited and Subhagruha in Visakhapatnam. Two teams inspected the records. Sources said that the officials have conducted raids on concrete information that the firms had allegedly avoided payment of taxes.

Chandrababu Naidu terms it as political Vendetta:: Chief Minsiter Chandrababu Naidu today suspected political vendetta behind the ongoing IT searches in the State and wanted the TDP leaders to be careful about the vicious game plans of the Centre. He said that the Centre is repeating the same plans which it implemented in Tamil Nadu and Karnataka. It was misusing the Central agencies such as IT, Enforcement Directorate and the CBI.

Government may not provide security to officials of Central Agencies:: The State Government today decided to go on an ‘all-out offensive against the Centre in the wake of raids. The Cabinet reportedly decided not to provide security to officials of Central Government agencies who were conducting raids. In this background, the Central government has deployed CRPF into service and assist IT officials when some States did no cooperate. Sources said that the State government is toying the idea of conducting ACB raids on Central Government employees. The officials, however, informed that there is no provision in the Law. Apart from legal fora, the Cabinet felt it was necessary to launch a political fight and expose the ulterior motives of the Centre.

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