https://www.taxtmi.com/news?id=23883 Searches by the Income Tax Department revealed systematic generation and concealment of unaccounted income by a manufacturing and trading group, with recovery of off book production accounts, digital records of undisclosed sales, seized cash and bullion, and documentation showing use of Kolkata based shell companies to plough back concealed receipts as high premium share capital and unsecured loans; bogus commodity profit entries and facilitators arranging entries were also identified. en-us Mon, 22 Mar 2021 15:42:24 +0530 Mon, 22 Mar 2021 15:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23883 Searches by the Income Tax Department revealed systematic generation and concealment of unaccounted income by a manufacturing and trading group, with recovery of off book production accounts, digital records of undisclosed sales, seized cash and bullion, and documentation showing use of Kolkata based shell companies to plough back concealed receipts as high premium share capital and unsecured loans; bogus commodity profit entries and facilitators arranging entries were also identified. News - Mon, 22 Mar 2021 15:42:24 +0530 https://www.taxtmi.com/news?id=23883