https://www.taxtmi.com/news?id=25738 Income tax authorities carried out search and seizure operations on two real estate groups, seizing documents, digital data and bank lockers. Investigators report evidence of unaccounted income from out of books cash and on money receipts, routing of funds through shell companies, and use of undisclosed funds in land acquisition. Key persons admitted infusion of undisclosed funds as share capital, share premium and unsecured loans via bogus investments; further investigations are ongoing to trace transactions and intermediary entities. en-us Wed, 31 Aug 2022 17:55:58 +0530 Wed, 31 Aug 2022 17:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25738 Income tax authorities carried out search and seizure operations on two real estate groups, seizing documents, digital data and bank lockers. Investigators report evidence of unaccounted income from out of books cash and on money receipts, routing of funds through shell companies, and use of undisclosed funds in land acquisition. Key persons admitted infusion of undisclosed funds as share capital, share premium and unsecured loans via bogus investments; further investigations are ongoing to trace transactions and intermediary entities. News - Wed, 31 Aug 2022 17:55:58 +0530 https://www.taxtmi.com/news?id=25738