Income Tax Department conducts searches on prominent business groups in Maharashtra https://www.taxtmi.com/news?id=25768 Search and seizure operations across two business groups uncovered documentary and digital evidence of systematic tax-evasion mechanisms, including unaccounted cash sales recorded as unsecured loans, admissions by lenders and promoters, records of capital gains by a non-filer corporate, undisclosed cash receipts in healthcare and education operations, and evidence of bogus expenses and contractual payments; investigations and enforcement actions under tax laws are ongoing. en-us Fri, 09 Sep 2022 15:26:16 +0530 Fri, 09 Sep 2022 15:26:16 +0530 TaxTMI RSS Generator Income Tax Department conducts searches on prominent business groups in Maharashtra https://www.taxtmi.com/news?id=25768 Search and seizure operations across two business groups uncovered documentary and digital evidence of systematic tax-evasion mechanisms, including unaccounted cash sales recorded as unsecured loans, admissions by lenders and promoters, records of capital gains by a non-filer corporate, undisclosed cash receipts in healthcare and education operations, and evidence of bogus expenses and contractual payments; investigations and enforcement actions under tax laws are ongoing. News - Fri, 09 Sep 2022 15:26:16 +0530 https://www.taxtmi.com/news?id=25768