Income tax department raids five builders in Amravati

In a major action at the start of 2019, income tax department raided five builders in Amravati city. This covers all major realtors of the town, which is second largest in Vidarbha after Nagpur. The taxmen have acted on the basis of information that the realtors were taking substantial sum in cash from buyers. The businessmen who have been covered in the search action are — Praveen Maloo, SubashTalda, Ashish Soni, GopalPanpaliya and Sanjay Batra. Sources say the five controlled major part of the real estate business in Amravati apart from having undertaken joint projects. For example, Palak Creation of Batra had a joint venture with Govinda Group of Talda.