HDIL - Realty Check

HDIL, the Mumbai-based realty firm currently under the lens of the income tax department, has allegedly admitted to the existence of unreported income of around Rs 350 crore, said people familiar with the information. This, according to sources in the I-T department, is the highest ever admission of unreported income by any company.
http://economictimes.indiatimes.com/Personal-Finance/Tax-Savers/Tax-News/HDIL-admits-to-Rs-350-cr-in-unreported-income/articleshow/5000982.cms

HDIL asked to pay tax of Rs 100 crore
http://www.business-standard.com/india/news/hdil-asked-to-pay-taxrs-100-crore/369864/

HDIL is finding difficult to cross resistance near Rs 330 and if it starts trading below 300, we may even see Rs 260-270 on this stock.