https://www.taxtmi.com/news?id=23873 Income-tax authorities conducted targeted search and seizure operations in Tamil Nadu during election surveillance, searching premises of cash handlers and a business group. The searches uncovered suspected suppression of income via inflated purchases and other overstated expenses, with unaccounted receipts invested in land and business expansion. Substantial cash was seized and significant unaccounted income detected; investigations are continuing to prevent possible diversion of funds for electoral purposes and to enforce tax compliance. en-us Fri, 19 Mar 2021 13:23:25 +0530 Fri, 19 Mar 2021 13:23:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23873 Income-tax authorities conducted targeted search and seizure operations in Tamil Nadu during election surveillance, searching premises of cash handlers and a business group. The searches uncovered suspected suppression of income via inflated purchases and other overstated expenses, with unaccounted receipts invested in land and business expansion. Substantial cash was seized and significant unaccounted income detected; investigations are continuing to prevent possible diversion of funds for electoral purposes and to enforce tax compliance. News - Fri, 19 Mar 2021 13:23:25 +0530 https://www.taxtmi.com/news?id=23873