https://www.taxtmi.com/news?id=23319 Searches and surveys in Bihar uncovered systematic tax evasion by contractor groups and traders through inflated expenses, bogus purchases and sham creditors; payments to non existent parties and bearer cheque payments returned in cash or routed as unsecured loans were used to generate undeclared cash for property acquisition. Seized cash, transactional documents and bank records support that assessees operated bank accounts of bogus parties; fixed deposits and properties have been placed under prohibitory orders and investigations continue. en-us Sat, 31 Oct 2020 09:19:18 +0530 Sat, 31 Oct 2020 09:19:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23319 Searches and surveys in Bihar uncovered systematic tax evasion by contractor groups and traders through inflated expenses, bogus purchases and sham creditors; payments to non existent parties and bearer cheque payments returned in cash or routed as unsecured loans were used to generate undeclared cash for property acquisition. Seized cash, transactional documents and bank records support that assessees operated bank accounts of bogus parties; fixed deposits and properties have been placed under prohibitory orders and investigations continue. News - Sat, 31 Oct 2020 09:19:18 +0530 https://www.taxtmi.com/news?id=23319