https://www.taxtmi.com/news?id=25528 Coordinated search and seizure operations on a Chennai industrial group uncovered documentary and digital evidence of systematic tax evasion by debiting non genuine purchase bills from suppliers and accommodation entry providers; cheque payments to suppliers were reportedly returned in cash to create unaccounted investments. The group is also alleged to have controlled back office operations for its international hotel chain from India. Initial seizures included undisclosed cash and unaccounted gold jewellery; investigations are ongoing to determine full tax consequences and identify additional corroborative evidence. en-us Mon, 20 Jun 2022 16:24:15 +0530 Mon, 20 Jun 2022 16:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25528 Coordinated search and seizure operations on a Chennai industrial group uncovered documentary and digital evidence of systematic tax evasion by debiting non genuine purchase bills from suppliers and accommodation entry providers; cheque payments to suppliers were reportedly returned in cash to create unaccounted investments. The group is also alleged to have controlled back office operations for its international hotel chain from India. Initial seizures included undisclosed cash and unaccounted gold jewellery; investigations are ongoing to determine full tax consequences and identify additional corroborative evidence. News - Mon, 20 Jun 2022 16:24:15 +0530 https://www.taxtmi.com/news?id=25528