TMI BlogIncome Tax Department conducts searches in BhopalX X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax Department conducts searches in Bhopal - News and Press Release Dated:- 22-8-2020 - News - The Income Tax Department carried out a search and seizure operation on 20.08.2020 at various lo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cations in Bhopal. The key person of one of the groups covered used to run a bangles shop. Another person covered is a property builder/developer and is also running a cricket academy. During the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ourse of the search operation, documents pertaining to about 100 properties in the nature of plots, flats and agricultural lands having market value of about ₹ 105 crore have been found. Documen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts indicate that a huge amount of undisclosed cash was invested in these properties in the last 6 years. Most of the properties have been found in the names of persons of no means, indicating that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se are benami properties. During the search, cash and jewellery worth ₹ 1.8 crore have been seized. Further, documentary evidence gathered during the search operation indicates partnership/as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sociation with some retired government servants and holding of their benami properties. Investigations are still in progress. - News - Press release - PIB Tax Management India - taxmanagementin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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