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Earnings Tax raids on Hiranandani Group in Mumbai, different cities
The Earnings Tax division is conducting searches at a number of places linked to Mumbai-based actual property developer Hiranandani Group, information company ANI reported quoting sources.
The search operations are underway in Mumbai, Chennai and Bengaluru in reference to a overseas belongings case.
Hiranandani Builders was fashioned in 1978 by the 2 brothers — Niranjan Hiranandani and Surendra Hiranandani. The group has constructed many initiatives in Maharashtra within the final 40 years.
Names of Niranjan and key members of his household had figured within the Pandora papers in October 2021. It had been stated that Niranjan and others had been beneficiaries of a Belief with belongings of over $60 million.
Final week, a PTI report claimed that Niranjan and Surendra divided among the joint actual property initiatives within the Mumbai Metropolitan Area (MMR). As per the settlement between the 2 brothers, Niranjan will personal 250-acre township in Powai, whereas Surendra has acquired 350-acre township venture in Thane. The division was carried out amicably.
Newest India Information
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