https://www.taxtmi.com/news?id=23786 Search and seizure operations on a Hyderabad pharmaceutical group produced seizures of cash and digital evidence from the group's ERP, revealing alleged undisclosed transactions and accounting irregularities. Investigations point to purchases from bogus entities, inflated expenses, suppression of by product receipts, on money land payments, booking of personal expenses in company accounts, and related party land acquisitions below official valuation, leading to the unearthing of substantial unaccounted income and a reported admission of a major portion as additional income; inquiries continue. en-us Mon, 01 Mar 2021 17:45:18 +0530 Mon, 01 Mar 2021 17:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23786 Search and seizure operations on a Hyderabad pharmaceutical group produced seizures of cash and digital evidence from the group's ERP, revealing alleged undisclosed transactions and accounting irregularities. Investigations point to purchases from bogus entities, inflated expenses, suppression of by product receipts, on money land payments, booking of personal expenses in company accounts, and related party land acquisitions below official valuation, leading to the unearthing of substantial unaccounted income and a reported admission of a major portion as additional income; inquiries continue. News - Mon, 01 Mar 2021 17:45:18 +0530 https://www.taxtmi.com/news?id=23786