https://www.taxtmi.com/news?id=24895 Searches across two industrial groups in Chhattisgarh uncovered incriminating documents, digital evidence and parallel books showing systematic unaccounted transactions exceeding Rs. 200 crore, suppression of production, unrecorded cash sales and seized parallel records evidencing about Rs. 50 crore. The operations revealed use of bogus purchase invoices and, in a separate group, issuance of share capital with unsubstantiated share premium and bogus purchase expenses with an admission of undisclosed income of Rs. 20 crore; unexplained cash and jewellery over Rs. 3 crore were seized and investigations continue. en-us Wed, 29 Dec 2021 17:14:01 +0530 Wed, 29 Dec 2021 17:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24895 Searches across two industrial groups in Chhattisgarh uncovered incriminating documents, digital evidence and parallel books showing systematic unaccounted transactions exceeding Rs. 200 crore, suppression of production, unrecorded cash sales and seized parallel records evidencing about Rs. 50 crore. The operations revealed use of bogus purchase invoices and, in a separate group, issuance of share capital with unsubstantiated share premium and bogus purchase expenses with an admission of undisclosed income of Rs. 20 crore; unexplained cash and jewellery over Rs. 3 crore were seized and investigations continue. News - Wed, 29 Dec 2021 17:14:01 +0530 https://www.taxtmi.com/news?id=24895