New Delhi: Certain officials of the Income Tax Department on Friday conducted a survey at offices and manufacturing units of Indian textile major Raymond.

Raymond stated that the survey was carried out under Section 133A of the Income Tax Act, 1961.

“We hereby inform that yesterday certain officials of the Income Tax Department visited some of the Company’s offices in India for conducting a survey action under Section 133A of the Income Tax Act, 1961, the company said in a regulatory filing.

“The proceedings are currently underway, and the company is extending its full cooperation to the officials,” the filing added.

Raymond Lifestyle and Raymond Realty also disclosed the information on stock exchanges.

A survey under Section 133A is different from a search operation. While its scope

See Full Page