Income tax in Gujarat was all upbeat on Thursday morning as it struck on various companies in Gujarat. Raids are on at 40 premises across Gujarat.
According to our income tax sources, the Asian Granito India which is headquartered in Gujarat is being raided. The Asian Granito India Limited is one of India’s largest luxury surfaces and bathware solutions brand owned by Kamlesh Patel.
On the stock market, the script traded at Rs 51.40 yesterday.
Besides this, a real estate firm and a lady’s house is being raided. The raids are because of her close proximity to a politician in power, the sources said.
This story will be updates as we get more information.