 "Sobha Developers says IT authorities verify books of accounts")
"The Income Tax Authorities have conducted a routine verification of books of accounts at the company's premises on October 10," the Bangalore-based developer said in a filing to the BSE. The company extended its full co-operation and assistance to the IT authorities, according to the filing.
Besides Bangalore, the company has projects in the National Capital Region, Chennai, Pune, Thrissur, Coimbatore, Kozhikode and Mysore.
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Sobha's sales bookings rose 23% to Rs 1,235 crore during the first half of the current financial year.
The company had set a new-sales guidance of 4.2 million square feet valued at Rs 2,600 crore for this fiscal year.
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