Income Tax Surveys at Jaipur Result in Detection of Undisclosed Income of Rs. 118 Crore

Last updated: 07 September 2013

A Survey action was conducted by the Income Tax Department at Jaipur on 03.09.2013 in the case of a leading Builder and Developer of Jaipur which resulted in the detection of the additional income of Rs. 95.14 crores. The assessee not only admitted the said additional income but also furnished the post dated cheques of Rs. 39.21 crores towards his additional tax liability. Surprisingly no advance tax installment was paid by the said assessee in June, 2013. Incriminating documents were impound
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