https://www.taxtmi.com/news?id=21873 Income tax authorities executed intelligence led search and seizure operations at multiple premises of major liquor producers, uncovering a scheme of over invoicing of raw materials and bottles where suppliers received inflated payments by bank transfer and returned excess cash to company employees. Documentary and electronic evidence and interception of employees with concealed cash established supplier collusion and cash circulation, enabling recovery of unaccounted cash and detection of substantial suppression of taxable income for enforcement and assessment. en-us Mon, 12 Aug 2019 10:00:09 +0530 Mon, 12 Aug 2019 10:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21873 Income tax authorities executed intelligence led search and seizure operations at multiple premises of major liquor producers, uncovering a scheme of over invoicing of raw materials and bottles where suppliers received inflated payments by bank transfer and returned excess cash to company employees. Documentary and electronic evidence and interception of employees with concealed cash established supplier collusion and cash circulation, enabling recovery of unaccounted cash and detection of substantial suppression of taxable income for enforcement and assessment. News - Mon, 12 Aug 2019 10:00:09 +0530 https://www.taxtmi.com/news?id=21873