https://www.taxtmi.com/news?id=21503 Search and seizure operations alleged income concealment, diversion and misappropriation of loan proceeds, and receipt of unaccounted cash in real estate transactions; bank conduct reportedly facilitated concessional settlement and evergreen lending benefiting the promoter. The promoter's undisclosed foreign directorship and foreign bank account were found, exposing him to action under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 and other applicable laws for non declaration of foreign assets and undeclared cash receipts. en-us Fri, 28 Jun 2019 09:59:41 +0530 Fri, 28 Jun 2019 09:59:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21503 Search and seizure operations alleged income concealment, diversion and misappropriation of loan proceeds, and receipt of unaccounted cash in real estate transactions; bank conduct reportedly facilitated concessional settlement and evergreen lending benefiting the promoter. The promoter's undisclosed foreign directorship and foreign bank account were found, exposing him to action under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 and other applicable laws for non declaration of foreign assets and undeclared cash receipts. News - Fri, 28 Jun 2019 09:59:41 +0530 https://www.taxtmi.com/news?id=21503