https://www.taxtmi.com/news?id=24761 Searches at the taxpayer's residence and business premises uncovered a beneficiary trust and an overseas company in a low tax jurisdiction; e mails, documents, and the taxpayer's recorded statement link him as the beneficial owner of foreign assets. A hard disk with a parallel set of books was found and preliminary analysis indicates understatement of domestic income from Indian business activities; further investigation is ongoing. en-us Mon, 06 Dec 2021 11:55:22 +0530 Mon, 06 Dec 2021 11:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24761 Searches at the taxpayer's residence and business premises uncovered a beneficiary trust and an overseas company in a low tax jurisdiction; e mails, documents, and the taxpayer's recorded statement link him as the beneficial owner of foreign assets. A hard disk with a parallel set of books was found and preliminary analysis indicates understatement of domestic income from Indian business activities; further investigation is ongoing. News - Mon, 06 Dec 2021 11:55:22 +0530 https://www.taxtmi.com/news?id=24761