https://www.taxtmi.com/news?id=24955 Income-tax authorities conducted search and seizure across multiple premises of a diversified business group and uncovered parallel books, digital evidence and documents showing suppression of sales and unrecorded cash transactions. Evidence indicates systematic generation of unaccounted cash and its investment in immovable property by key persons. The action led to seizure of unaccounted cash and jewellery and restraint on multiple bank lockers; further investigation to verify records and determine tax consequences is ongoing. en-us Mon, 17 Jan 2022 18:29:57 +0530 Mon, 17 Jan 2022 18:29:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24955 Income-tax authorities conducted search and seizure across multiple premises of a diversified business group and uncovered parallel books, digital evidence and documents showing suppression of sales and unrecorded cash transactions. Evidence indicates systematic generation of unaccounted cash and its investment in immovable property by key persons. The action led to seizure of unaccounted cash and jewellery and restraint on multiple bank lockers; further investigation to verify records and determine tax consequences is ongoing. News - Mon, 17 Jan 2022 18:29:57 +0530 https://www.taxtmi.com/news?id=24955