https://www.taxtmi.com/news?id=24713 Coordinated search and seizure operations targeted Indian companies and associate concerns controlled from a neighbouring country, uncovering documentary and digital evidence of tax evasion through manipulation of books, non-genuine purchase bills, unaccounted cash payments and cross-border fund transfers. Investigations revealed use of shell companies, a professional firm providing formation services and dummy directors, and routing of purchases through a Marshall Islands entity with payments into the neighbouring country. The action led to seizure of unaccounted cash and restraint of certain company bank accounts while inquiries continue. en-us Thu, 25 Nov 2021 17:56:46 +0530 Thu, 25 Nov 2021 17:56:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24713 Coordinated search and seizure operations targeted Indian companies and associate concerns controlled from a neighbouring country, uncovering documentary and digital evidence of tax evasion through manipulation of books, non-genuine purchase bills, unaccounted cash payments and cross-border fund transfers. Investigations revealed use of shell companies, a professional firm providing formation services and dummy directors, and routing of purchases through a Marshall Islands entity with payments into the neighbouring country. The action led to seizure of unaccounted cash and restraint of certain company bank accounts while inquiries continue. News - Thu, 25 Nov 2021 17:56:46 +0530 https://www.taxtmi.com/news?id=24713