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Income Tax Department conducts searches in Andhra Pradesh and Telangana The Income Tax Department carried out search and seizure operation on 05.01.2022 on three real estate developers, engaged in the business of land development as well as construction activities in the town of Kurnool and other
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FAQ :
The Income Tax Department carried out these search and seizure operations on January 5, 2022.
The searches in Andhra Pradesh and Telangana targeted three real estate developers engaged in land development and construction activities.
The search action in Andhra Pradesh and Telangana led to the detection of undeclared cash transactions to the tune of Rs 800 crore.
In Kerala, the searches targeted two groups involved in the business of quarry operations.
The search in Kerala led to the detection of estimated undeclared income to the tune of Rs 200 crore.
Incriminating documents, including handwritten books and agreements, digital data, parallel sets of books of account, and unaccounted cash were found and seized during the operations.
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