Tax evasion : IT raids on 30 premises of Kalpataru builders

Mumbai, Aug 4 (Agency) Income Tax Department officials on Friday conducted raids on 30 premises of Mumbai-based Kalpataru builders over alleged tax evasion. The raids were conducted on around 30 premises across four states.

The sources in the IT department has confirmed the raids. The residences of Kalptaru group founder Mofatraj Munot and Managing Director Parag Munot were also raided by the sleuths of tax department. Kalpataru Group is consider as one of the top builders in Mumbai.