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40 Teams, 250 Officials Deployed in Intensive 6-Day Search on Bhutani Infra, Group 108, Advent, and Logix In a major crackdown on alleged tax evasion, the Income Tax (I-T) department orchestrated Operation Mahakal, deploying 40 teams comprising 250 officials to conduct searches at locations associated with four prominent Noida-based construction groups - Bhutani Infra, Group 108, Advent, and Logix. Following an exhaustive 6-day search, officials unearthed unaccounted cash exceeding Rs 1,50
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FAQ :
The Income Tax operation was named 'Operation Mahakal'.
The builders raided were Bhutani Infra, Group 108, Advent, and Logix.
Over Rs 1,500 crore in unaccounted cash was unearthed.
The raids were conducted to investigate alleged tax evasion by the construction groups, specifically in the sale of commercial spaces.
The 'Assured Cash Return' scheme was advertised to investors, promising monthly payments and substantial returns until possession, but was allegedly exploited for tax evasion.
The search operation lasted for six days.
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