Quick Summary
The Income Tax Department carried out search and survey operations on 19.01.2021 in Jaipur on three groups, involving one jeweller and two real-estate colonizers and developers. Co-ordinated search operation was conducted at 20 premises and survey was conducted at 11 premises. One of the groups i
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FAQ :
The Income Tax Department conducted search and survey operations in Jaipur on January 19, 2021.
The searches targeted three groups: one jeweller and two real-estate colonisers and developers.
Unaccounted and unrecorded transactions exceeding Rs 1,400 crore were unearthed across the three groups.
Incriminating documents, digital data, unaccounted receipts, unexplained expenses, unexplained assets, cash loans, on-money receipts, and details of undeclared transactions were found and seized.
Yes, a concealed cavity was found at the jewellery business premises containing details of unaccounted manufacturing activity and documents related to Benami property. Two hard-disks and a pen-drive with coded information were also discovered.
No, the search operations are still continuing and further investigations are in progress.
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