Oberoi Realty updates on search operations by Tax authorities

“We fully co-operated and responded to all clarifications that were sought by the Income Tax authorities and shall continue to do so for any further clarifications/ information that they may require,” the company said in the filing.

Aug 28, 2019 03:08 IST India Infoline News Service

Oberoi Realty
Oberoi Realty said on Tuesday that the Income Tax team has left the company’s premises. The company has resumed day-to-day business activities fully.

“We fully co-operated and responded to all clarifications that were sought by the Income Tax authorities and shall continue to do so for any further clarifications/ information that they may require,” the company said in the filing.

The company implements the best practices of compliance with applicable laws, and it does not anticipate the search and seizure operations to have any material or adverse impact on the company.

Oberoi Realty Ltd ended at Rs490.50 up by Rs2.55 or 0.52% from its previous closing of Rs487.95 on the BSE.

Related Story