Quick Summary
The Income Tax Department carried out a search and seizure operation on 21.10.2021 in the case of a person engaged in the real estate business, primarily operating as a land aggregator in Nashik. During the search and seizure operation, many incriminating documents including land agreements, notarized documents and other papers evidencing large scale cash transactions for acquisition of properties have been found and seized. Such transactions are also corroborated by digital evidences extract
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1999
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FAQ :
The Income Tax Department conducted the search and seizure operation on 21.10.2021.
The primary target was a person engaged in the real estate business, primarily operating as a land aggregator in Nashik.
Incriminating documents like land agreements, notarised documents, digital evidence from computers and mobile phones, and records of large cash transactions were found.
So far, unaccounted cash of Rs. 23.45 crore has been seized.
Unaccounted income of more than Rs. 100 crore has been detected as a result of the search operation.
Yes, the searches also covered persons engaged in wholesale trading of onions and other cash crops in the Pimpalgaon Baswant region, who had invested unaccounted income in properties.
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