https://www.taxtmi.com/news?id=1049 Searches and seizures under the Income Tax Act, assisted by another enforcement agency, targeted lockers, bank accounts and premises under proprietary orders; seized materials are under investigation, with some prima facie indications of hawala transactions and properties exceeding declared income. Evidence from these operations is used in assessment and reassessment proceedings and attains finality only after completion of assessments and appeals, after which appropriate legal action may follow against those found culpable. en-us Fri, 20 Nov 2009 16:34:57 +0530 Fri, 20 Nov 2009 16:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1049 Searches and seizures under the Income Tax Act, assisted by another enforcement agency, targeted lockers, bank accounts and premises under proprietary orders; seized materials are under investigation, with some prima facie indications of hawala transactions and properties exceeding declared income. Evidence from these operations is used in assessment and reassessment proceedings and attains finality only after completion of assessments and appeals, after which appropriate legal action may follow against those found culpable. News - Fri, 20 Nov 2009 16:34:57 +0530 https://www.taxtmi.com/news?id=1049