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The Income Tax Department carried out search and seizure operations on 22.12.2021 on two business groups of Nandurbar and Dhule districts of Maharashtra. These groups are engaged in the business of civil construction and land development. The search operation covered more than 25 premises spread across Nanndurbar, Dhule and Nashik. During the search and seizure operation many incriminating documents, loose papers, and digital evidences have been found and seized. In the case of entitie
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FAQ :
The Income Tax Department conducted search and seizure operations on 22.12.2021.
The searches were conducted on two business groups engaged in civil construction and land development in Nandurbar and Dhule districts of Maharashtra.
The search operation covered more than 25 premises spread across Nandurbar, Dhule, and Nashik.
Incriminating documents, loose papers, and digital evidence were found and seized. This includes evidence of suppressed income, unrecorded expenses, and cash transactions.
For the construction group, preliminary investigation indicates income evasion of approximately Rs. 150 crore. For the land developers, documents evidencing 'on-money' receipts and cash loans exceeding Rs. 52 crore were found.
The operation resulted in the seizure of unaccounted cash exceeding Rs. 5 crore and jewellery valued at Rs. 5 crore.
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