The Income Tax Department on Thursday conducted searches at the premises of prominent industrialist Gautam Singhania here and in Delhi over alleged tax evasion.
The I-T operation began early in the morning and was initiated by the Intelligence Wing of thedepartment.
A team of about 150 I-Tsleuths began searching the official premises of the business tycoon, who is the chairman and managing director of the Raymond Group.
Itwas not immediately known if the residential premises of the industrialist were also being searched by the sleuths.
"Some premises of the group will also be covered in the searches in Delhi," an I-Tofficial said.