https://www.taxtmi.com/news?id=23677 Income Tax Department searches across multiple locations into three business groups alleged understatement of income through inflated expenses and accommodation entries in the form of non-genuine unsecured loans, share capital and share premium from shell entities; digital backups and records showing unexplained expenses, cash-balance discrepancies and year end bogus bookings were seized, cash was recovered and several bank lockers identified, and further investigation is ongoing. en-us Thu, 04 Feb 2021 09:32:18 +0530 Thu, 04 Feb 2021 09:32:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23677 Income Tax Department searches across multiple locations into three business groups alleged understatement of income through inflated expenses and accommodation entries in the form of non-genuine unsecured loans, share capital and share premium from shell entities; digital backups and records showing unexplained expenses, cash-balance discrepancies and year end bogus bookings were seized, cash was recovered and several bank lockers identified, and further investigation is ongoing. News - Thu, 04 Feb 2021 09:32:18 +0530 https://www.taxtmi.com/news?id=23677