AI OCR 
TaxTMI 
TaxTMI 
TaxTMI 
Income Tax Department conducts search on a prominent business group in Delhi
X X X X Extracts X X X X
X X X X Extracts X X X X
....ncome Tax Department conducts search on a prominent business group in Delhi <br>News and Press Release<br>Dated:- 24-10-2019<br><BR>Income Tax Department conducted search operation on a group based in....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Delhi in connection with tax evasion and money laundering. The group is engaged in various e-governance projects and financial services. It has presence across several cities in India and also in Dub....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ai. The search and seizure action have led to unearthing of several incriminating evidence establishing large scale tax evasion, hawala transaction and money laundering by the said taxpayer group. Th....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e group has taken recourse to use of shell companies based in Delhi / Kolkata to route unaccounted money. Earlier, the Department had conducted search action on entities related to Fertilizer procure....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ment. Investigations had revealed that huge amount of commission was being collected in Dubai through shell companies of a Dubai based operator who is also an accused in a VVIP Chopper scam. A part of....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... such commission was laundered back to India through the aforesaid Delhi based group. Preliminary enquiries reveal the quantum of accommodation entries and hawala transactions to be more than ₹....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 1000 crore.<BR> News - Press release - PIB....