Quick Summary
The Income Tax Department initiated search and seizure operations in two groups based in several States on 12.10.2021. The first group is engaged in digital marketing and campaign management wherein the search operations have been carried out at 7 premises located in Bengaluru, Surat, Chandigarh, and Mohali. Incriminating evidence found reveals that the group has been engaged in obtaining accommodation entries using an entry operator. The entry operator has admitted to have facilitated
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FAQ :
The Income Tax Department initiated search and seizure operations on 12.10.2021.
The searches targeted groups engaged in the business of digital marketing and waste management.
The digital marketing group is alleged to have obtained accommodation entries, inflated expenditures, under-reported revenue, booked personal expenses as business costs, and purchased luxury vehicles in others' names.
The waste management group is suspected of booking bogus bills for expenses and sub-contracts, with an estimated £70 crore in such claims. Unaccounted investment in property of about £7 crore was also detected.
During the searches, unaccounted cash of £1.95 crore and jewellery worth £65 lakh were seized. Incriminating evidence, documents, and digital evidence were also obtained.
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