Quick Summary
The Income Tax Department carried out a search and seizure operation on 09.08.2022 on a business group primarily engaged in manufacturing and trading of ceramic tiles. The search action covered a total of 36 premises, spread across Rajkot, Morbi, Ahmedabad, Raipur, Guwahati, Gurgaon, and Kolkata. The search operation also covered persons engaged in providing finance. During the course of the search operation, various incriminating evidences in the form of documents and digital data have been
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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 searched a business group primarily engaged in the manufacturing and trading of ceramic tiles.
The operation covered 36 premises spread across Rajkot, Morbi, Ahmedabad, Raipur, Guwahati, Gurgaon, and Kolkata.
The group allegedly used unaccounted cash sales, under-invoicing of sales, booking of bogus purchases, and layering of unaccounted sums through bogus unsecured loans and share capital from shell companies.
So far, unaccounted transactions exceeding Rs. 300 crore have been unearthed, including cash loans of more than Rs. 100 crore.
The search and seizure operation was conducted on 09.08.2022.
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