Income Tax (IT) officials are conducted raids in two hotels that belong to a contractor, Pasupulet Rathnaiah, at Kapilatheertham and Tirupati. They have seized a number of records and files and are examining them. IT raids in the hotels, Key Vihas Inn at Tirupati and Vihas at Kapilatheertham were conducted up till late last night and are still continuing. The contractor is said to have given misleading information regarding his income and assets. The IT officials are even questioning Rathnaiah, now.