Income Tax department raids Indiabulls offices across India

Income Tax (IT) department on Wednesday raided Indiabulls offices across the country.

According to initial reports, major operations are being conducted under the leadership of Directorate of Income Tax, investigation unit Mumbai.

IT raids are being conducted at Mumbai and Delhi offices of  Indiabulls Housing Finance, Indiabulls Ventures and Indiabulls Real Estate.

"During the investigation the tax department found some crucial papers, which provide various lead to trace unaccounted money," a source said.