https://www.taxtmi.com/news?id=25639 A coordinated search and seizure operation on two business groups uncovered documents and digital data showing receipt of unaccounted cash and maintenance of parallel books in the real estate group, and use of bogus sub contract expenses, inflated purchase vouchers, and routing of contract proceeds through sham sub contractors in the construction group. The searches revealed substantial unaccounted income and resulted in seizures of unaccounted cash and valuable jewellery; forensic examination of seized material is ongoing. en-us Fri, 29 Jul 2022 10:12:48 +0530 Fri, 29 Jul 2022 10:12:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25639 A coordinated search and seizure operation on two business groups uncovered documents and digital data showing receipt of unaccounted cash and maintenance of parallel books in the real estate group, and use of bogus sub contract expenses, inflated purchase vouchers, and routing of contract proceeds through sham sub contractors in the construction group. The searches revealed substantial unaccounted income and resulted in seizures of unaccounted cash and valuable jewellery; forensic examination of seized material is ongoing. News - Fri, 29 Jul 2022 10:12:48 +0530 https://www.taxtmi.com/news?id=25639