Summary:
more-inThe Income Tax Department searched the offices and properties belonging to the SPK Group of Companies — one of the major road contractors in Tamil Nadu — in Chennai, Madurai and Aruppukottai on Monday. Properties belonging to the group’s director Nagarajan Seyyadurai and his family members were also searched during the operation which will continue on Tuesday. Sources said the I-T officials received a specific input pertaining to alleged tax evasion which triggered simultaneous search operations in over 40 locations. Based on the documents seized and intelligence information, investigators also searched the premises of a construction major based in Tiruchi and a textile businessman in Chennai. A senior Income Tax official, who led the investigating team, said that the operations were still on and would continue on Tuesday..