TMI BlogIncome Tax Department conducts search on a prominent business group in DelhiX X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax Department conducts search on a prominent business group in Delhi - News and Press Release Dated:- 24-10-2019 - News - Income Tax Department conducted search operation on a group based ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in Delhi in connection with tax evasion and money laundering. The group is engaged in various e-governance projects and financial services. It has presence across several cities in India and also in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dubai. The search and seizure action have led to unearthing of several incriminating evidence establishing large scale tax evasion, hawala transaction and money laundering by the said taxpaye ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r group. The group has taken recourse to use of shell companies based in Delhi / Kolkata to route unaccounted money. Earlier, the Department had conducted search action on entities related to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Fertilizer procurement. Investigations had revealed that huge amount of commission was being collected in Dubai through shell companies of a Dubai based operator who is also an accused in a VVIP Chop ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... per scam. A part of such commission was laundered back to India through the aforesaid Delhi based group. Preliminary enquiries reveal the quantum of accommodation entries and hawala transacti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons to be more than ₹ 1000 crore. - News - Press release - PIB Tax Management India - taxmanagementindia - 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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