Tax Sleuths Search Realtor’s Office At Noida Ace Studio | Noida News

NOIDA: The income tax (IT) department carried out searches on Wednesday and Thursday at the office of a Noida-based real estate company for alleged evasion, officials said.
“The search operation was carried out at the office of Broad Homes located on the sixth floor ACE Studio in Sector 126. A 15-member team of the IT department is present at the office while we are scanning transactions of the last three years of the firm,” a source in the IT department told TOI.
Documents on business dealings were also being examined. To assist the IT officials, a team from the local police station was also present during the searches, officials said. “We are verifying the links between the two firms (Broad and ACE). The officials have seized several documents, electronic gadgets and other materials from the office,” the IT source said.
ACE group distanced itself from the raids, saying it had no connection with the firm on the sixth floor. “This is to bring to your notice that we have leased out our 6th floor to Lotus group and have no connections with the raid whatsoever,” a spokesperson for ACE said. Representatives of Lotus could not be reached for a comment despite several attempts.
Earlier this year, the investigation wing of the IT department conducted searches at the offices of ACE and its promoter Ajay Chaudhary in Delhi, Noida, Greater Noida, and Agra.


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