https://www.taxtmi.com/news?id=24625 A coordinated search and seizure operation uncovered systematic suppression of taxable receipts by a road construction group through inflated material purchases, sale of excess material for unaccounted cash, and use of accommodation entries to inflate expenses. Seized records traced unaccounted cash generation and movement, understatement of contractual and service income, and deficient books and vouchers. Operational measures included seizure of unaccounted cash, restraint on bank lockers, verification of investments, detection of substantial unaccounted income, and ongoing investigations. en-us Mon, 01 Nov 2021 17:02:25 +0530 Mon, 01 Nov 2021 17:02:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24625 A coordinated search and seizure operation uncovered systematic suppression of taxable receipts by a road construction group through inflated material purchases, sale of excess material for unaccounted cash, and use of accommodation entries to inflate expenses. Seized records traced unaccounted cash generation and movement, understatement of contractual and service income, and deficient books and vouchers. Operational measures included seizure of unaccounted cash, restraint on bank lockers, verification of investments, detection of substantial unaccounted income, and ongoing investigations. News - Mon, 01 Nov 2021 17:02:25 +0530 https://www.taxtmi.com/news?id=24625