https://www.taxtmi.com/news?id=25153 Income-tax search and seizure operations in Mumbai uncovered incriminating documents and digital evidence indicating unaccounted cash receipts and payments, particulars of around three dozen immovable properties held through associates or benamidars, and evidence of international hawala routing. Records show a modus operandi of tax evasion through inflated expenses and over invoicing of sub contract payments, extraction of cash for undue favours and unaccounted property investments. Preliminary assessment notes substantial suppression of income; undisclosed cash and jewellery were seized and investigations are ongoing. en-us Thu, 03 Mar 2022 14:08:35 +0530 Thu, 03 Mar 2022 14:08:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25153 Income-tax search and seizure operations in Mumbai uncovered incriminating documents and digital evidence indicating unaccounted cash receipts and payments, particulars of around three dozen immovable properties held through associates or benamidars, and evidence of international hawala routing. Records show a modus operandi of tax evasion through inflated expenses and over invoicing of sub contract payments, extraction of cash for undue favours and unaccounted property investments. Preliminary assessment notes substantial suppression of income; undisclosed cash and jewellery were seized and investigations are ongoing. News - Thu, 03 Mar 2022 14:08:35 +0530 https://www.taxtmi.com/news?id=25153