https://www.taxtmi.com/news?id=23775 Searches under section 132 were conducted against a Gurugram construction and real estate group and related persons, uncovering evidence of fabricated long-term capital gains in promoters' and relatives' names and alleged bogus subcontract expenses routed back into group entities as share capital and share premium. Investigators recovered documents relating to cash transactions in property sales and benami properties; cash, foreign currency and multiple lockers were seized or restrained. Further investigation is ongoing to examine fund routing and ownership records. en-us Fri, 26 Feb 2021 09:38:45 +0530 Fri, 26 Feb 2021 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23775 Searches under section 132 were conducted against a Gurugram construction and real estate group and related persons, uncovering evidence of fabricated long-term capital gains in promoters' and relatives' names and alleged bogus subcontract expenses routed back into group entities as share capital and share premium. Investigators recovered documents relating to cash transactions in property sales and benami properties; cash, foreign currency and multiple lockers were seized or restrained. Further investigation is ongoing to examine fund routing and ownership records. News - Fri, 26 Feb 2021 09:38:45 +0530 https://www.taxtmi.com/news?id=23775