https://www.taxtmi.com/news?id=24369 Searches revealed related party inflations of purchases and large trading margins alongside persistent booked losses attributed to significant bogus expenses, non existent payees and unfiled recipients, use of undisclosed bank accounts, and documentary and electronic evidence of unaccounted funds reintroduced as fictitious transactions. Investigators also found alleged illegal payments and cross border currency dealings, and identified substantial failures to deduct tax at source and large provisions for doubtful debts whose admissibility is under scrutiny. en-us Wed, 18 Aug 2021 08:58:00 +0530 Wed, 18 Aug 2021 08:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24369 Searches revealed related party inflations of purchases and large trading margins alongside persistent booked losses attributed to significant bogus expenses, non existent payees and unfiled recipients, use of undisclosed bank accounts, and documentary and electronic evidence of unaccounted funds reintroduced as fictitious transactions. Investigators also found alleged illegal payments and cross border currency dealings, and identified substantial failures to deduct tax at source and large provisions for doubtful debts whose admissibility is under scrutiny. News - Wed, 18 Aug 2021 08:58:00 +0530 https://www.taxtmi.com/news?id=24369