Anvitha Real Estate Group Faces Tax Evasion Inquiry in Hyderabad
The income tax investigation unit in Hyderabad has conducted raids at various locations associated with the Anvitha Real Estate Group, suspecting tax evasion. The group is involved in real estate projects in Abu Dhabi, the United States, and Kollur, Hyder
Anvitha Real EstateTax EvasionIncome Tax InvestigationHyderabadAtchuta Rao BoppanaReal EstateOct 21, 2024
Anvitha Group is currently developing several projects in Kollur, including Anvitha Ivana and Anvitha High9, along with two other projects. The group has a track record of successful developments, such as the Bhuvi Residency in Bachupally, and is also involved in a real estate project in Dallas, Texas.
The income tax officials conducted searches at Anvitha Infra Projects Private Limited’s registered office in Raidurg, Gachibowli. The investigation extended to other related companies, such as Anvitha Buildpro and Anvitha Assets Private Limited, which are associated with the directors.
The recent search operations by the income tax authorities at multiple locations linked to Anvitha Real Estate Group highlight ongoing investigations into suspected tax irregularities. With projects spanning international locations, the group's activities have come under scrutiny. The searches extended to the offices of key directors and associated companies, signaling a comprehensive probe into the group's financial practices.
The outcome of these investigations remains to be seen as authorities continue their thorough examination. The Anvitha Real Estate Group is a prominent player in the real estate sector, known for its ambitious projects and international presence. However, this tax evasion inquiry could potentially impact its reputation and future projects.
Information on Anvitha Real Estate GroupAnvitha Real Estate Group is a leading real estate company with a diverse portfolio of projects across multiple regions. Founded by Atchuta Rao Boppana and Anup Boppana, the group has built a strong reputation for delivering high-quality residential and commercial properties. With projects in prestigious locations such as Abu Dhabi, the United States, and various parts of India, Anvitha Real Estate Group has established itself as a significant player in the real estate market.
Frequently Asked Questions
What is the reason for the income tax investigation into Anvitha Real Estate Group?
The income tax investigation unit in Hyderabad is probing Anvitha Real Estate Group for suspected tax evasion. The raids were conducted at various locations associated with the group.
Where are the Anvitha Real Estate Group's current projects located?
Anvitha Real Estate Group is currently developing projects in Kollur, Hyderabad, and also has ongoing projects in Abu Dhabi and the United States.
What are some of the completed projects by Anvitha Real Estate Group?
Some of the completed projects by Anvitha Real Estate Group include Bhuvi Residency in Bachupally and a real estate project in Dallas, Texas.
Who are the directors of Anvitha Real Estate Group?
The directors of Anvitha Real Estate Group are Atchuta Rao Boppana and Anup Boppana.
What other companies are associated with Anvitha Real Estate Group?
Anvitha Real Estate Group is associated with companies like Anvitha Buildpro and Anvitha Assets Private Limited.
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