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Income Tax Department conducts searches in a prominent Real Estate Group of North India The Income Tax Department carried out search seizure operations on 14.03.2022 in the case of a leading Real Estate Group active in Northern India. The search action covered more than 45 premises in Delhi NCR, Chandigarh, Ludhiana, Lucknow and Indore. A large number of incriminating evidences including hard copy documents and digital data have been found seized during the search. The seized evidences
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FAQ :
The search and seizure operations were conducted on 14th March 2022.
The searches were conducted on a leading real estate group active in Northern India.
The operations covered more than 45 premises in Delhi & NCR, Chandigarh, Ludhiana, Lucknow, and Indore.
A large number of incriminating documents and digital data were seized, including evidence of unaccounted 'on-money' cash receipts and cash loans.
Evidence gathered suggests unaccounted 'on-money' cash receipts exceeding Rs 3,000 crore and cash loans amounting to Rs 450 crore.
Over Rs 25 crore in unaccounted cash and jewellery worth Rs 5 crore were seized. Additionally, 11 lockers have been placed under restraint.
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