Income Tax Department conducts searches at various locations in Uttar Pradesh https://www.taxtmi.com/news?id=23361 Coordinated search and seizure operations allege the group obtained non genuine unsecured loans as accommodation entries from paper shell companies with dummy directors, constituting unaccounted income; a related chit fund link is said to contravene the Chit Funds Act. Authorities have seized jewellery and cash, identified unaccounted residential investments for valuation, located multiple lockers, and are continuing verification and investigation. en-us Fri, 20 Nov 2020 14:33:04 +0530 Fri, 20 Nov 2020 14:33:04 +0530 TaxTMI RSS Generator Income Tax Department conducts searches at various locations in Uttar Pradesh https://www.taxtmi.com/news?id=23361 Coordinated search and seizure operations allege the group obtained non genuine unsecured loans as accommodation entries from paper shell companies with dummy directors, constituting unaccounted income; a related chit fund link is said to contravene the Chit Funds Act. Authorities have seized jewellery and cash, identified unaccounted residential investments for valuation, located multiple lockers, and are continuing verification and investigation. News - Fri, 20 Nov 2020 14:33:04 +0530 https://www.taxtmi.com/news?id=23361