Quick Summary
Income Tax Department carried out search and seizure action on 05.02.2021 on various groups based in Kolkata, engaged in the business of Pharmaceutical manufacturing, diagnostic services and hospitals. The cases were developed based on the available data in the departmental database, analysis of their financial statements, market intelligence and field enquiries. Search and seizure action was carried out at more than 17 premises at Kolkata, Haridwar and Bhubaneswar. The search action has
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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 IT Department targeted groups based in Kolkata engaged in the business of pharmaceutical manufacturing, diagnostic services, and hospitals.
The search and seizure actions were carried out at more than 17 premises in Kolkata, Haridwar, and Bhubaneswar.
Incriminating evidence included the use of shell entities for bogus share capital/unsecured loans, expenditure on property renovation in cash, and out-of-books cash transactions. It was established that the groups used paper/shell companies to route back their own unaccounted money.
A total concealment of income amounting to Rs 300 crore has been detected so far.
Cash amounting to Rs 87 lakh and jewellery worth Rs 61 lakh have been seized. Eight bank lockers have also been put under restraint.
Yes, the assessees have made an admission of undisclosed income amounting to Rs 50 crore.
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