Quick Summary
The Income Tax Department carried out search seizure operations on 28.09.2021 on a real estate developer group and the brokers connected with this group. Total of 22 residential and business premises were covered in the operation. In the case of the real estate developer group, a large number of incriminating documents, loose papers, digital evidences etc. have been found and seized. These evidences contain detailed records of the groups unaccounted transactions spread across multiple financ
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FAQ :
The Income Tax Department conducted search and seizure operations on 28th September 2021.
The operation targeted a real estate developer group and brokers connected with the group in Ahmedabad.
A total of 22 residential and business premises were covered in the operation.
Incriminating documents, loose papers, digital evidence, original property documents held in benami names, cash, and jewellery were found and seized.
The search and seizure operation has resulted in the detection of unaccounted transactions exceeding £500 crore.
Approximately £1 crore in cash and jewellery worth £98 lakh were seized. Additionally, 24 lockers were found and placed under restraint.
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