https://www.taxtmi.com/news?id=22045 A tax search uncovered systematic undisclosed income and off books cash management by a wellness conglomerate: records of cash collections outside accounts, cash receipts from property sales above documented values, and large seizures of cash, foreign currency, jewellery and diamonds. The group invested in domestic and foreign companies including low tax jurisdictions, and investigators found evidence of income diversion to offshore entities and arrangements resembling accommodation entries; investigations into suppression of taxable receipts and related concealment mechanisms are ongoing. en-us Fri, 18 Oct 2019 17:40:58 +0530 Fri, 18 Oct 2019 17:40:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22045 A tax search uncovered systematic undisclosed income and off books cash management by a wellness conglomerate: records of cash collections outside accounts, cash receipts from property sales above documented values, and large seizures of cash, foreign currency, jewellery and diamonds. The group invested in domestic and foreign companies including low tax jurisdictions, and investigators found evidence of income diversion to offshore entities and arrangements resembling accommodation entries; investigations into suppression of taxable receipts and related concealment mechanisms are ongoing. News - Fri, 18 Oct 2019 17:40:58 +0530 https://www.taxtmi.com/news?id=22045