https://www.taxtmi.com/news?id=23333 Income-tax authorities carried out coordinated search and seizure operations into a religious group and its network of trusts after information that foreign donations and tax-exempt receipts were being diverted into unaccounted cash flows. Investigations revealed use of paper trusts to route funds, systematic inflation of expenses, and domestic hawala-like channels to transfer cash to functionaries; seized materials include sale agreements, electronic data and cash, and further forensic examination is ongoing. en-us Fri, 06 Nov 2020 15:19:22 +0530 Fri, 06 Nov 2020 15:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23333 Income-tax authorities carried out coordinated search and seizure operations into a religious group and its network of trusts after information that foreign donations and tax-exempt receipts were being diverted into unaccounted cash flows. Investigations revealed use of paper trusts to route funds, systematic inflation of expenses, and domestic hawala-like channels to transfer cash to functionaries; seized materials include sale agreements, electronic data and cash, and further forensic examination is ongoing. News - Fri, 06 Nov 2020 15:19:22 +0530 https://www.taxtmi.com/news?id=23333