Quick Summary
The Income Tax Department carried out search and seizure operations on 16.11.2021 on a prominent Kolkata based group engaged in manufacturing of cement and real estate. The search action covered 24 premises spread over Kolkata, Delhi and places in the states of Assam and Meghalaya. A large number of incriminating evidences in the form of documents and digital data showing evasion of huge amount of unaccounted income of the group have been found and seized. These evidences indicate evasion of
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1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
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FAQ :
The search and seizure operations were conducted on 16.11.2021.
The operations targeted a prominent group engaged in the manufacturing of cement and real estate.
The search action covered 24 premises spread across Kolkata, Delhi, and in the states of Assam and Meghalaya.
So far, the search action has led to the detection of a total unaccounted income of around Rs 200 crore.
Yes, unaccounted cash of Rs 1.30 crore was seized during the search action.
Methods included suppression of production, unaccounted and under-invoicing of sales, inflation of purchase costs using bogus parties, and unaccounted cash expenditure, as well as on-money receipts in property sales and the use of shell companies for accommodation entries.
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