Income Tax Department conducts searches on business group in Goa

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....ncome Tax Department conducts searches on business group in Goa <br>News and Press Release<br>Dated:- 14-10-2019<br><BR>The Income Tax Department carried out search operation on 10th October 2019 cove....

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....ring six premises of two groups involved in the sale-purchase of hotel resort at Goa. One of the groups covered currently owns a large property at Goa on which a 5 star resort project is being built.....

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.... The group is engaged primarily in hotels & hospitality, real estate and construction. The buyer, a Delhi Based group of companies is into catering, restaurant and hotel business. Search operations h....

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....ave been concluded. The search resulted in seizure of undisclosed assets of &#8377; 4.39 crore comprising undisclosed cash of &#8377; 2.55 crore and jewellery/valuables worth &#8377; 1.84 crore.The gr....

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....oup made a disclosure of a total amount of &#8377; 124.41 crore representing undisclosed income and also committed to pay taxes immediately.<BR> News - Press release - PIB....