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The Income Tax Department carried out search and seizure operations in Tamil Nadu in the case of a group engaged in the manufacturing of animal feeds, poultry farming, edible oils and export of egg products. The search action in the group was initiated on 27.10.2021 covering 40 premises located in T
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FAQ :
The Income Tax Department targeted a business group involved in the manufacturing of animal feeds, poultry farming, edible oils, and the export of egg products.
The operations covered 40 premises located in Tamil Nadu, Karnataka, and Kerala.
The search action was initiated on 27.10.2021.
Several incriminating documents and electronic data were found and seized. These indicate the group suppressed income by inflating expenses, booking bogus purchases, under-invoicing sales, and not reflecting scrap/by-product sales.
The search resulted in the seizure of £3.3 crore in unaccounted cash and the detection of undeclared income exceeding £300 crore.
No, further investigations are currently in progress.
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