https://www.taxtmi.com/news?id=24608 Search and seizure operations in two business groups revealed suppression of income via bogus intra group transactions, extensive cash sales and undeclared scrap and property investments in a manufacturing group, and in an education/immigration services group receipt of high value package payments largely in cash, use of employee bank accounts to receive and withdraw funds, and declaration only of commission income. Searches detected substantial unaccounted income and resulted in seizure of cash, gold and jewellery; investigations continue. en-us Tue, 26 Oct 2021 17:05:50 +0530 Tue, 26 Oct 2021 17:05:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24608 Search and seizure operations in two business groups revealed suppression of income via bogus intra group transactions, extensive cash sales and undeclared scrap and property investments in a manufacturing group, and in an education/immigration services group receipt of high value package payments largely in cash, use of employee bank accounts to receive and withdraw funds, and declaration only of commission income. Searches detected substantial unaccounted income and resulted in seizure of cash, gold and jewellery; investigations continue. News - Tue, 26 Oct 2021 17:05:50 +0530 https://www.taxtmi.com/news?id=24608