https://www.taxtmi.com/news?id=22408 Searches of a hospitality group revealed seizure of domestic unaccounted assets and evidence that substantial funds were placed abroad via complex trust structures in tax havens; a close relative was allegedly used as a front to conceal ownership. Investigations detected undisclosed foreign assets including an overseas hotel, immovable properties and foreign bank deposits, which may attract action under anti black money legislation and domestic income tax laws, with further enquiries ongoing. en-us Fri, 24 Jan 2020 18:25:14 +0530 Fri, 24 Jan 2020 18:25:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22408 Searches of a hospitality group revealed seizure of domestic unaccounted assets and evidence that substantial funds were placed abroad via complex trust structures in tax havens; a close relative was allegedly used as a front to conceal ownership. Investigations detected undisclosed foreign assets including an overseas hotel, immovable properties and foreign bank deposits, which may attract action under anti black money legislation and domestic income tax laws, with further enquiries ongoing. News - Fri, 24 Jan 2020 18:25:14 +0530 https://www.taxtmi.com/news?id=22408