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The Income Tax Department carried out search and seizure operations on 25.02.2022 on certain contractors executing contracts of Brihanmumbai Municipal Corporation (BMC), a prominent person and their close associates. In all, more than 35 premises in Mumbai have been covered during the search operation. During the course of the search operation, numerous incriminating documents, loose sheets and digital evidences have been found and seized. The evidences so seized strongly indicate a close nex
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FAQ :
The Income Tax Department conducted search and seizure operations on 25.02.2022.
The searches targeted certain contractors executing contracts for the Brihanmumbai Municipal Corporation (BMC), a prominent individual, and their close associates.
More than 35 premises in Mumbai were covered during the search operation.
Incriminating documents, loose sheets, digital evidence, details of undeclared immovable properties worth over Rs 130 crore, and evidence of international hawala transactions were found and seized.
The contractors are alleged to have suppressed taxable income by inflating expenses, over-invoicing sub-contract expenses, and claiming non-genuine expenses. Cash was allegedly used for undue favours in awarding contracts and for unaccounted property investments.
Undisclosed cash of Rs 2 crore and jewellery worth Rs 1.5 crore have been seized so far.
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