Income Tax Department Initiates Investigation into Issuance of Cheques by Companies Which are Acting as Entry Operators to Convert Illegal Cash into Legitimate Money

Income Tax Department Initiates Investigation into Issuance of Cheques by Companies Which are Acting as Entry Operators to Convert Illegal Cash into Legitimate Money https://www.taxtmi.com/news?id=13928 Investigation targets issuance of cheques by companies acting as entry operators to convert illegal cash into legitimate money; account examinations revealed accommodation entries with prima facie non genuine sources and untraceable companies and directors. Notices were issued to about fifty persons and entities, including two political parties, seeking contributor identities and other information necessary to progress the inquiry. en-us Wed, 11 Feb 2015 17:33:08 +0530 Wed, 11 Feb 2015 17:33:08 +0530 TaxTMI RSS Generator Income Tax Department Initiates Investigation into Issuance of Cheques by Companies Which are Acting as Entry Operators to Convert Illegal Cash into Legitimate Money https://www.taxtmi.com/news?id=13928 Investigation targets issuance of cheques by companies acting as entry operators to convert illegal cash into legitimate money; account examinations revealed accommodation entries with prima facie non genuine sources and untraceable companies and directors. Notices were issued to about fifty persons and entities, including two political parties, seeking contributor identities and other information necessary to progress the inquiry. News - Wed, 11 Feb 2015 17:33:08 +0530 https://www.taxtmi.com/news?id=13928