TaxTMI 
TaxTMI 
Income Tax Department conducts searches in Raipur
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....ncome Tax Department conducts searches in Raipur <br>News and Press Release<br>Dated:- 24-6-2021<br><BR>Specific actionable intelligence was received by the Income Tax Department that a set of people ....
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....were to carry out an outside-the-books cash transaction of a substantial amount at Raipur, Chhattisgarh. Upon further investigations, the input was found to be credible and the hawala dealer was ident....
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....ified. As a result, the Department carried out search and seizure action on 21.06.2021 on a Raipur based hawala operator. Four premises at Raipur were covered in the action. The modus operandi involv....
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....ed not only giving accommodation entries of sale, purchase etc to people, but also transportation and end-use facilitation of unaccounted money. During the course of the search, unaccounted cash amou....
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....nting to approximately ₹ 6 crore has been seized. A number of digital devices in the form of a computer hard disc and pen drives having details of hawala transactions have been seized. The same ....
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....are being analysed and quantification of the total amount involved is under progress. Preliminary estimates suggest that hawala transactions exceeding ₹ 100 crore may be involved.<BR> News - Pre....
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....ss release - PIB....