The income tax investigation unit in Hyderabad conducted raids last week at various locations connected to Anvitha Real Estate Group, investigating potential tax evasion. The group is involved in real estate projects across Abu Dhabi, the United States, and Kollur, Hyderabad. Searches were carried out in Hyderabad and Rangareddy districts, targeting offices of directors Atchuta Rao Boppana and Anup Boppana, as well as the registered office in Gachibowli. The probe also extended to related companies like Anvitha Buildpro and Anvitha Assets Private Limited.
The income tax investigation unit in Hyderabad carried out searches on Thursday at several locations linked to Anvitha Real Estate Group as part of a probe into suspected tax evasion. The company has ongoing real estate projects in Abu Dhabi, the United States, and Kollur, Hyderabad. These searches were conducted in both Hyderabad and Rangareddy districts. Anvitha Group is currently developing projects such as Anvitha Ivana and Anvitha High9 in Kollur, along with two other projects. The group has previously completed Bhuvi Residency in Bachupally and is also involved in a real estate project in Dallas, Texas.
Searches were also carried out at the offices of two directors, Atchuta Rao Boppana and Anup Boppana. Income tax officials inspected 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 Abu Dhabi, the United States, and Hyderabad, the group's activities have come under scrutiny. The searches extended to the offices of key directors and associated companies, signalling a comprehensive probe into the group's financial practices. The outcome of these investigations remains to be seen as authorities continue their thorough examination.
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