Digital Goa, June 13 – The Investigation Wing of the Income Tax Department at Panaji today revealed that a comprehensive search and survey operation was launched on two premier luxury real estate developers, M/s Vianaar Group and M/s Isprava Group, since yesterday. The operation, spanning multiple states, aims to uncover potential tax evasion and undisclosed assets linked to high-end luxury villa projects, the IT Dept officials stated. Both the groups have a significant presence in the real estate sector and also operate a parallel hospitality segment, offering apartment and villa rentals in India and South East Asia. The raid has uncovered significant amounts of unaccounted cash and incriminating documents, further indicating potential instances of tax evasion, the Dept officials informed.
