IT searches at ABG Shipyard offices, official residences

Income Tax authorities are carrying out search operations at various establishments of the shipbuilding and repairing firm, ABG Shipyard, for alleged tax evasion, an Income Tax Department source has said.

The searches are being carried out in about 26 establishments — both office complexes as well as residences of company officials — across four cities, the source said.

The raids are being carried out in Mumbai and Surat, Dahej and Bhuj (in Gujarat), the source said, adding these are being conducted by the Director, Income Tax (Investigation) Unit 1. An official of the company, who asked not to be identified, confirmed the IT raids saying these started at 7 am today.