Income Tax Department conducts searches on a business group dealing in lotteries https://www.taxtmi.com/news?id=21287 Searches targeted a lottery marketing agent group and related real estate and finance businesses, uncovering documentary and electronic evidence, cash and jewellery and prompting prohibitory orders. The assessee admitted unaccounted income from stockists linked to manipulation of prize-winning tickets and offered further unaccounted receipts from real estate and loan interest to tax after reconciliation; portions of cash were seized while other assets remain under verification. en-us Mon, 06 May 2019 13:57:30 +0530 Mon, 06 May 2019 13:57:30 +0530 TaxTMI RSS Generator Income Tax Department conducts searches on a business group dealing in lotteries https://www.taxtmi.com/news?id=21287 Searches targeted a lottery marketing agent group and related real estate and finance businesses, uncovering documentary and electronic evidence, cash and jewellery and prompting prohibitory orders. The assessee admitted unaccounted income from stockists linked to manipulation of prize-winning tickets and offered further unaccounted receipts from real estate and loan interest to tax after reconciliation; portions of cash were seized while other assets remain under verification. News - Mon, 06 May 2019 13:57:30 +0530 https://www.taxtmi.com/news?id=21287