Income Tax Department carries out search and survey operations in Rajasthan, Delhi and Mumbai

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..... Income Tax Department carries out search and survey operations in Rajasthan, Delhi and Mumbai - News and Press Release Dated:- 14-7-2020 - News - The Income Tax Department carried out search and sur .....

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..... vey operationson three groups on 13.07.2020. These operations are being carried out at 20 premises in Jaipur, 6 in Kota, 8 in Delhi and 9 in Mumbai. One of the groups covered is involved in severa .....

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..... l business activities like hotel, hydro power projects, metal and auto sectors. It is suspected to have invested unaccounted income generated from these activities into real estate. The second grou .....

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..... p is engaged in the business of trading of silver/gold jewellery and antique silver articles and has associate enterprises in various other countries like UK, USA etc., as well as properties and bank .....

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..... accounts in these countries. The main allegation against the group is that a substantial part of its silver jewellery business is carried out outside the regular books of accounts. The third group .....

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..... is involved in hotel business. The source of investment in the same remains to be verified. Several incriminating evidences in the form of loose papers/diaries/digital data have been found indicati .....

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..... ng trading in bullion in cash, investment of cash in properties etc. Further investigations are in process. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - .....

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..... taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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