https://www.taxtmi.com/news?id=25694 Searches of two steel manufacturing groups across multiple premises revealed systematic tax evasion through bogus purchases and GST linked frauds, unrecorded excess raw material stock, and layering of unaccounted income via bogus unsecured loans and share premium from shell companies; numerous bank lockers and a secret room yielded substantial unaccounted cash, bullion and jewellery, and further forensic investigation is ongoing. en-us Fri, 12 Aug 2022 09:44:12 +0530 Fri, 12 Aug 2022 09:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25694 Searches of two steel manufacturing groups across multiple premises revealed systematic tax evasion through bogus purchases and GST linked frauds, unrecorded excess raw material stock, and layering of unaccounted income via bogus unsecured loans and share premium from shell companies; numerous bank lockers and a secret room yielded substantial unaccounted cash, bullion and jewellery, and further forensic investigation is ongoing. News - Fri, 12 Aug 2022 09:44:12 +0530 https://www.taxtmi.com/news?id=25694