Income Tax Department conducts searches on business group in Goa

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..... Income Tax Department conducts searches on business group in Goa
News and Press Release
Dated:- 14-10-2019

The Income Tax Department carried out search operation on 10th October 2019 cov .....

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..... ering six premises of two groups involved in the sale-purchase of hotel resort at Goa. One of the groups covered currently owns a large property at Goa on which a 5 star resort project is being built .....

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..... . The group is engaged primarily in hotels & hospitality, real estate and construction. The buyer, a Delhi Based group of companies is into catering, restaurant and hotel business. Search operations .....

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..... have been concluded. The search resulted in seizure of undisclosed assets of ₹ 4.39 crore comprising undisclosed cash of ₹ 2.55 crore and jewellery/valuables worth ₹ 1.84 crore.The g .....

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..... roup made a disclosure of a total amount of ₹ 124.41 crore representing undisclosed income and also committed to pay taxes immediately.
News - Press release - PIB .....

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