Income Tax Department conducts search actions in Karnataka https://www.taxtmi.com/news?id=25957 Search and seizure operations uncovered documents and digital data from landowners who entered Joint Development Agreements, revealing nondisclosure of income from capital gains, artificial inflation of acquisition costs, and non filing of returns; several assessees admitted omissions and agreed to disclose detected capital gains and pay applicable taxes, while undisclosed cash and jewellery were seized and further investigations continue. en-us Fri, 18 Nov 2022 09:51:18 +0530 Fri, 18 Nov 2022 09:51:18 +0530 TaxTMI RSS Generator Income Tax Department conducts search actions in Karnataka https://www.taxtmi.com/news?id=25957 Search and seizure operations uncovered documents and digital data from landowners who entered Joint Development Agreements, revealing nondisclosure of income from capital gains, artificial inflation of acquisition costs, and non filing of returns; several assessees admitted omissions and agreed to disclose detected capital gains and pay applicable taxes, while undisclosed cash and jewellery were seized and further investigations continue. News - Fri, 18 Nov 2022 09:51:18 +0530 https://www.taxtmi.com/news?id=25957