https://www.taxtmi.com/news?id=23159 Searches uncovered extensive cash-based unexplained investments and unsecured loans treated as prima facie non-genuine, unexplained foreign education expenses, an unregistered trust with taxable receipts, and a restrained bank locker suggesting undisclosed income. Separate searches in a jewellery business revealed lack of books, an undeclared bank account with large deposits, alleged non-payment of capital gains, and cash receipts on lease and sale transactions prima facie violating Section 269SS, with buyer source of funds and other expenditures under further investigation. en-us Thu, 17 Sep 2020 13:51:26 +0530 Thu, 17 Sep 2020 13:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23159 Searches uncovered extensive cash-based unexplained investments and unsecured loans treated as prima facie non-genuine, unexplained foreign education expenses, an unregistered trust with taxable receipts, and a restrained bank locker suggesting undisclosed income. Separate searches in a jewellery business revealed lack of books, an undeclared bank account with large deposits, alleged non-payment of capital gains, and cash receipts on lease and sale transactions prima facie violating Section 269SS, with buyer source of funds and other expenditures under further investigation. News - Thu, 17 Sep 2020 13:51:26 +0530 https://www.taxtmi.com/news?id=23159