https://www.taxtmi.com/news?id=24565 Searches uncovered undisclosed income and asset concealment in two investigations: an unauthorised chit fund operation transacting predominantly in cash with unreported commission, dividends and interest, and a garments retailer manipulating sales through software to suppress revenue and divert cash into investments and lavish expenditures. Collateral and property documents, promissory notes, post dated cheques, cash and significant quantities of gold were seized; associates admitted unaccounted investments and substantial undisclosed income has been detected. Investigations are ongoing to trace unreported receipts, assets and transactional records. en-us Mon, 11 Oct 2021 09:19:35 +0530 Mon, 11 Oct 2021 09:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24565 Searches uncovered undisclosed income and asset concealment in two investigations: an unauthorised chit fund operation transacting predominantly in cash with unreported commission, dividends and interest, and a garments retailer manipulating sales through software to suppress revenue and divert cash into investments and lavish expenditures. Collateral and property documents, promissory notes, post dated cheques, cash and significant quantities of gold were seized; associates admitted unaccounted investments and substantial undisclosed income has been detected. Investigations are ongoing to trace unreported receipts, assets and transactional records. News - Mon, 11 Oct 2021 09:19:35 +0530 https://www.taxtmi.com/news?id=24565