https://www.taxtmi.com/news?id=24423 A search and seizure operation on 1 September 2021 at a synthetic yarns and polyester chips group recovered documents and digital evidence indicating extensive unaccounted transactions, cash purchases, suppression of sales, and sales to bogus parties. Evidence shows routing of unaccounted funds through paper entities as bogus unsecured loans and introduction of funds as share premium via shell entities whose directors and auditors admitted providing accommodation entries. Cash movement via angadias, bogus purchases, unaccounted jewellery, and eleven lockers under restraint were also found; investigations are continuing. en-us Thu, 02 Sep 2021 18:05:07 +0530 Thu, 02 Sep 2021 18:05:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24423 A search and seizure operation on 1 September 2021 at a synthetic yarns and polyester chips group recovered documents and digital evidence indicating extensive unaccounted transactions, cash purchases, suppression of sales, and sales to bogus parties. Evidence shows routing of unaccounted funds through paper entities as bogus unsecured loans and introduction of funds as share premium via shell entities whose directors and auditors admitted providing accommodation entries. Cash movement via angadias, bogus purchases, unaccounted jewellery, and eleven lockers under restraint were also found; investigations are continuing. News - Thu, 02 Sep 2021 18:05:07 +0530 https://www.taxtmi.com/news?id=24423