Income Tax Department conducts searches in Delhi

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..... Income Tax Department conducts searches in Delhi - News and Press Release Dated:- 30-12-2020 - News - The Income Tax Department carried out search and seizure action on a number of hawala operators .....

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..... engaged in the activity of routing and handling unaccounted cash in Delhi region. The search action has resulted in unearthing of incriminating evidences revealing various shell entities being used .....

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..... for raising bogus purchase/sale bills, and routing of unaccounted funds through several layers of bank accounts. Such shell entities are closed after two months, and new ones are formed. Further, .....

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..... incriminating documents evidencing suppression of sales and bogus purchases in excess of ₹ 300 crore is detected. The search action has resulted in seizure of unaccounted cash of ₹ 14 c .....

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..... rore and Bullion worth ₹ 2 crore. Further investigations are in progress. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - .....

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..... TMI - TaxTMI - TMITax .....

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