https://www.taxtmi.com/news?id=22136 A search under section 132 uncovered a systematic scheme of inflating expenditure using bogus invoices, with payments made by cheque or electronic transfer and cash returned to promoters, producing suppressed taxable income that was deployed into immovable property, share capital, fixed deposits, cash and other valuables; searches resulted in seizure of substantial cash and gold and enquiries are ongoing. en-us Tue, 19 Nov 2019 10:50:53 +0530 Tue, 19 Nov 2019 10:50:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22136 A search under section 132 uncovered a systematic scheme of inflating expenditure using bogus invoices, with payments made by cheque or electronic transfer and cash returned to promoters, producing suppressed taxable income that was deployed into immovable property, share capital, fixed deposits, cash and other valuables; searches resulted in seizure of substantial cash and gold and enquiries are ongoing. News - Tue, 19 Nov 2019 10:50:53 +0530 https://www.taxtmi.com/news?id=22136