https://www.taxtmi.com/news?id=25533 Income-tax authorities carried out coordinated search and seizure operations across Rajasthan and Mumbai targeting a business group in handicrafts, bullion trading, cash financing and real estate. Seized evidence indicates suppression of profits by inflating purchases with bogus bullion bills, cash returned against cheques to bullion traders, use of cash for real estate investments and acquisition of shell companies through entry operators, revealing prima facie substantial unaccounted income and significant seizures of cash and gold. en-us Wed, 22 Jun 2022 09:48:06 +0530 Wed, 22 Jun 2022 09:48:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25533 Income-tax authorities carried out coordinated search and seizure operations across Rajasthan and Mumbai targeting a business group in handicrafts, bullion trading, cash financing and real estate. Seized evidence indicates suppression of profits by inflating purchases with bogus bullion bills, cash returned against cheques to bullion traders, use of cash for real estate investments and acquisition of shell companies through entry operators, revealing prima facie substantial unaccounted income and significant seizures of cash and gold. News - Wed, 22 Jun 2022 09:48:06 +0530 https://www.taxtmi.com/news?id=25533