Tax men carry out searches against Asian cinemas

Hyderabad: Income Tax sleuths carried out searches against Asian Cinema & Multiplexes Private Limited and Skill Promoters Infra Private Limited. Officials from the anti-tax evasion wing of the department began searches on early October 22 at the residence and corporate offices of the two companies based in Hyderabad.

The promoter of Asian Cinemas & Multiplexes, Sunil Narang, owns a chain of theatres in the twin cities. The multiplexes are located across Kukatpally, Uppal, and Kapra. The unlisted private company was incorporated in 2008. Asian cinemas is headed by four directors — Narayandas Kishandas, Narang Bharat, and two others. The taxmen searched the residence of Sunil Narang as well as their corporate offices.

Besides the theatre chain promoters, detecting tax evasion, IT sleuths searched the properties of Skill Promoters Infra. Incorporated in 2014, the company is classified as a private limited and has four directors — Boppana Sarat Gopal, Boppana Tara Chand, and others. IT officers raided their corporate office as well.

Also Read: https://newsmeter.in/fir-registered-against-cinepolis-in-hyderabad/

Coreena Suares

Coreena Enet Suares is the Editor of NewsMeter. Having over 10 years of experience , her stories have been published in the Deccan Chronicle Newspaper and the Asian Age. Coreena began her career as a News Anchor. Through out her journey, she has been able to build a strong network with people from all walks of life . She is also a certified fact-checker by Google India Initiative. She has recently attended the 'Defence Correspondence Course 2019, through which she visited Indo- Pak border, besides traveling on a War-ship and an insight into operations of Fighter aircraft. Coreena's focus areas are anti-crime investigation agencies and Defense reporting.

Leave a Reply

Your email address will not be published. Required fields are marked *