Income Tax Survey of Raymond’s Realty Division
The Income Tax (I-T) department is currently conducting a survey action on entities associated with the textile and apparel giant Raymond Group. The survey, which started on Thursday and continued into Friday, focuses on the group’s real estate operations, according to sources familiar with the situation. Unlike searches, a survey action is restricted to official premises and is carried out solely during business hours. In a regulatory announcement on Friday, Raymond indicated that it is fully cooperating with the authorities. “We would like to inform you that yesterday, certain officials from the Income Tax Department visited some of the company’s…
