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Income Tax Department conducts searches in Odisha The Income Tax Departmentcarried outsearch and seizure operations on a group engaged in the business of mining, processing and trading of black stones. The search operation covered more than 15 premises located at Bhubaneswar, Jajpur, Cuttack, Dhe
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FAQ :
The group is engaged in the business of mining, processing, and trading of black stones.
The search operations covered more than 15 premises in cities like Bhubaneswar, Jajpur, Cuttack, Dhenkanal, Keonjhar, Hyderabad, Kolkata, Gurugram, and Noida.
Incriminating documentary and digital evidence, including hand-written books and loose sheets, were found and seized. These contained details of cash sales and bogus sundry creditors.
The seized documents indicate systematic details of cash sales exceeding Rs. 80 crore, which were not recorded in the group's regular books of account.
The search action led to the seizure of unaccounted cash, jewellery, and bullion exceeding Rs. 1 crore.
No, further investigations are in progress.
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