Income Tax Department conducts searches in Pune

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....ncome Tax Department conducts searches in Pune <br>News and Press Release<br>Dated:- 22-1-2021<br><BR>The Income Tax Department carried out search and survey operations on 12.01.2021 in the cases of l....

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....eading builders located in Borivali-Mira Road-Bhayander Area of Thane. The search action has resulted in seizure of unaccounted cash of &#8377; 10.16 crore. Total unaccounted income of earlier years ....

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....detected during the search operation is &#8377; 520.56 crore including the cash seized. The unaccounted income inter alia includes on-money on sale of land and flats; accommodation entries of non-genu....

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....ine unsecured loans routed through certain shell/paper companies; unaccounted cash receipts in the nature of capital introduction/cash loan; unaccounted cash expenses etc. Further, the unrecognized s....

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....ales revenue of &#8377; 514.84 crore for FY 2019-20 has been accepted by the group during the search action. Accordingly, the group has agreed to pay Self Assessment Tax on the same. Lockers found du....

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....ring the course of search operation are yet to be operated. Further investigations are in progress.<BR> News - Press release - PIB....