The Income Tax Department carried out search operations at numerous offices and premises of Indiabulls Group including in Mumbai, New Delhi and Chennai for alleged tax evasion to the tune of about 1,500 crore rupees. <br/><br/>Hundreds of I-T sleuths and local police personnel yesterday conducted search operations at a large number of premises of the diversified group, department sources said.The exercise is likely to continue even today.<br/><br/>The searches are part of a probe into a corporate borrowing worth 1,700 crore rupees that Indiabulls had carried out, the sources said, adding the company is suspected to have evaded income tax to the tune of 1,500 crore rupees. Most of the searched premises of the Group were in Mumbai.<br/><br/>The Department is also looking into suspected benami transactions worth 1,000 crore rupees which were conducted by the company during the sale of its properties in the past, they said. Indiabulls Housing Finance Limited acknowledged the development in a clarification to the BSE as it said that officials of the Income Tax Department came to some of their offices to check our books.