Quick Summary
The Income Tax Department carried out a search operation on 14.07.2022 on a group engaged in the business of mining, sugar manufacturing and liquor. The key person of the group is also occupying a political position. The search operation covered several premises located in Madhya Pradesh and Mumbai. During the course of the search operation, a large number of incriminating documentary and digital evidences have been found and seized. The analysis of seized evidences of sand mining busi
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FAQ :
The IT Department searched a group engaged in the business of mining, sugar manufacturing, and liquor.
The search operations covered several premises in Madhya Pradesh and Mumbai.
A large number of incriminating documentary and digital evidences were found and seized.
The sand mining business showed evidence of sales suppression exceeding Rs. 70 crore, with unpaid royalties and cash payments outside of regular books.
So far, undeclared assets exceeding Rs. 9 crore have been seized.
No, further investigations are in progress.
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