https://www.taxtmi.com/news?id=23760 Search and seizure operations at the group's premises seized unexplained cash, foreign currency, bank lockers and digital devices, and revealed use of non-operational shell companies to introduce and record undisclosed income through share capital at premium and sales of paper investments. Investigations also uncovered intra-group out-of-exchange settlements to claim bogus losses, misuse of Long Term Capital Gains exemptions via non-genuine share purchases, and evidence of cash and hawala payments; further inquiry is continuing. en-us Mon, 22 Feb 2021 14:16:52 +0530 Mon, 22 Feb 2021 14:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23760 Search and seizure operations at the group's premises seized unexplained cash, foreign currency, bank lockers and digital devices, and revealed use of non-operational shell companies to introduce and record undisclosed income through share capital at premium and sales of paper investments. Investigations also uncovered intra-group out-of-exchange settlements to claim bogus losses, misuse of Long Term Capital Gains exemptions via non-genuine share purchases, and evidence of cash and hawala payments; further inquiry is continuing. News - Mon, 22 Feb 2021 14:16:52 +0530 https://www.taxtmi.com/news?id=23760