Quick Summary
The Income Tax Department carried out search and seizure operationson 28.10.2021 in the cases of persons engaged in the business of processing trading of dry fruits. During the search operations, many incriminating documents including digital evidence were found and seized indicating that the assessee group has been inflating purchases of dry fruits exorbitantly over the years. Seized evidences also support the fact that unaccounted cash has been received back by the directors of the group a
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1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
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FAQ :
The Income Tax Department carried out search and seizure operations on 28.10.2021.
The operations targeted individuals and groups engaged in the business of processing and trading dry fruits.
Incriminating documents, digital evidence, parallel sets of books of accounts, and evidence of unaccounted cash receipts were found.
The search action led to the detection of unaccounted income exceeding £200 crore.
Unaccounted cash of £63 lakh and jewellery worth £2 crore were seized, and fourteen bank lockers were placed under restraint.
Yes, the claim of deduction under section 80IB of the Income-tax Act, 1961, was found to be not genuine for one of the groups, estimated at around £30 crore.
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