https://www.taxtmi.com/news?id=25277 Investigations found fabricated or unsupported business expenditures routed through a single event management entity and paper companies, involving extensive layering to siphon funds and render claims inadmissible expenditure under the Income tax Act. Searches also exposed land acquisitions through paper companies with large unaccounted cash payments, on money real estate transactions, bogus expense bookings and non recognition of income by a chartered flight operator, rotation of funds via a dubious NBFC, and provisional seizure of undisclosed cash and jewellery. en-us Thu, 31 Mar 2022 16:50:48 +0530 Thu, 31 Mar 2022 16:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25277 Investigations found fabricated or unsupported business expenditures routed through a single event management entity and paper companies, involving extensive layering to siphon funds and render claims inadmissible expenditure under the Income tax Act. Searches also exposed land acquisitions through paper companies with large unaccounted cash payments, on money real estate transactions, bogus expense bookings and non recognition of income by a chartered flight operator, rotation of funds via a dubious NBFC, and provisional seizure of undisclosed cash and jewellery. News - Thu, 31 Mar 2022 16:50:48 +0530 https://www.taxtmi.com/news?id=25277