The income tax department on Thursday conducted raids at the premises of several professionals and service providers.
Updated at 3.14 pm
NEW DELHI: The government on Thursday denied that the income tax authorities were raiding premises of stockbrokers and other market intermediaries, while admitting searches were being conducted on doctors, designers and realty players in various parts of the country.
"No searches are being conducted on stockbrokers and other stock market intermediaries, as erroneously reported in the media," Central Board of Direct Taxes (CBDT) spokesperson AK Sinha told reporters here.
He, however, clarified that IT officials have conducted search operations on diagnostic centres, doctors and interior designers in Mumbai, on real estate players in Pune, and on IT firms in Cochin at the local level.
Another search has been conducted against a flour mill in the national capital, he said, adding that the Pune IT officials have also conducted consequential searches against a party in Chennai.
Sinha declined to elaborate on the searches, but said there was no truth in reports about nationwide searches on the premises of stockbrokers and market intermediaries.
He, however, did not rule out the possibility of raids against persons illegally involved in trade of shares.
"The decision about any search operation against any party is taken by the field officers at the local level... and no directions are issued by the CBDT or government in this regard," Sinha said.
Since July 2006, the surveys by IT department have helped track undisclosed income to the tune of Rs 1,100 crore across the country, he said, adding that a search against a real estate party in Mumbai last month resulted in the disclosure of Rs 125 crore.
A report from Ahmedabad said that a team of income-tax officials raided medical professionals.
The searches were conducted by a team of income-tax officials from Mumbai.
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