I-T sleuths conduct searches on 'Asian Cinemas' offices

Hyderabad: The Income Tax sleuths carried out searches against Asian Cinema & Multiplexes Private Limited and Skill Promoters Infra Private Limited's corporate offices in Jubilee Hills on Road number 31 and other places in Hyderabad on Tuesday.

Asian Cinemas is one of the senior-most distribution houses in Nizam.

The officials from the anti-tax evasion wing of the department began their searches from the early morning hours at the residences and corporate offices of the two companies and its partners Narayandas Kishandas, Sunil Narang and others.

According to I-T sleuths, they have conducted searches on the allegations of tax evasion by the companies.