TMI BlogIncome Tax Department searches prominent business group in HyderabadX X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax Department searches prominent business group in Hyderabad - News and Press Release Dated:- 19-10-2019 - News - Government of India Ministry of Finance Department ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Revenue Central Board of Direct Taxes New Delhi, 18th October, 2019 PRESS RELEASE Income Tax Department searches prominent business group in Hyderabad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax Department conducted Search Survey action on a prominent business group having interest in infrastructure, irrigation, hydrocarbons and power sectors. More than 30 premises wer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e covered in Hyderabad, NCR and Mumbai. Evidence of large-scale bogus expenses, over-invoicing of purchase and sub- contract expenses have been found and seized. The group also indulged in ou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of books transactions and manipulation of books to suppress its taxable profits. Evidence of illegal payments through hawala channels running into hundreds of crores have also been found an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d seized. Unaccounted assets of ₹ 17.4 cr have been seized. Further investigation is in progress. (Surabhi Ahluwalia) Commissioner of Income Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Media Technical Policy) Official Spokesperson, CBDT. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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