Quick Summary
Income Tax Department carried out search and seizure operations on 16.06.2022on a business group involved in retail and export sale of handicrafts, cash financing, purchase and sale of land and buildings, alongwith some bullion traders. The search operation covered more than 25 premises spread across Rajasthan and Mumbai. During the course of the search operation, several incriminating documents have been found and seized. The perusal of seized evidences indicates that the group has indulged
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1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
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FAQ :
The search and seizure operations were conducted on 16th June 2022.
The targeted business group was involved in retail and export of handicrafts, cash financing, purchase and sale of land and buildings, along with some bullion traders.
The search operations covered more than 25 premises spread across Rajasthan and Mumbai.
Unaccounted cash exceeding £1.30 crore and unaccounted gold jewellery exceeding £7.90 crore were seized.
Prima facie, estimated unaccounted income in excess of £100 crore has been unearthed.
The group suppressed profits in their handicrafts business by inflating purchases through bogus bills from bullion traders and received cash back against cheques issued to these traders.
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