https://www.taxtmi.com/news?id=24820 Search and seizure operations on four Asset Reconstruction Companies revealed acquisition of NPAs at undervalued consideration through a nexus with borrower groups, use of shell companies, layered routing of borrower funds (including hawala and offshore channels), non-transparent disposal allowing re-acquisition by borrowers at reduced values, diversion of sale proceeds to related concerns as consultancy receipts or unsecured loans to conceal profits and evade tax, and maintenance of parallel accounts and documentary evidence; seized material is under analysis and investigations continue. en-us Wed, 15 Dec 2021 18:19:35 +0530 Wed, 15 Dec 2021 18:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24820 Search and seizure operations on four Asset Reconstruction Companies revealed acquisition of NPAs at undervalued consideration through a nexus with borrower groups, use of shell companies, layered routing of borrower funds (including hawala and offshore channels), non-transparent disposal allowing re-acquisition by borrowers at reduced values, diversion of sale proceeds to related concerns as consultancy receipts or unsecured loans to conceal profits and evade tax, and maintenance of parallel accounts and documentary evidence; seized material is under analysis and investigations continue. News - Wed, 15 Dec 2021 18:19:35 +0530 https://www.taxtmi.com/news?id=24820