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The Income Tax Department carried out search and seizure operations on a leading Gutkha distributor of Gujarat on 16.11.2021. The search action covered more than 15 premises at different locations in Ahmedabad. During the course of the search action, various incriminating documents and digital evidence were found and seized. The preliminary analysis of these evidences clearly indicate evasion of taxable income by adopting various malpractices such as unaccounted purchases of materials, under
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FAQ :
The Income Tax Department conducted the search and seizure operations on 16th November 2021.
The raids covered more than 15 premises belonging to a leading gutka distributor in Ahmedabad, Gujarat.
Incriminating documents and digital evidence were seized, indicating tax evasion through unaccounted purchases, under-invoicing of sales, and unrecorded cash sales. Evidence of undisclosed investment in immovable properties was also found.
The search action has led to the detection of unaccounted income exceeding Rs 100 crore.
Yes, the group has admitted to undisclosed income exceeding Rs 30 crore.
The operation resulted in the seizure of approximately Rs 7.50 crore in unaccounted cash and about Rs 4 crore worth of unexplained jewellery. Prohibitory orders have also been placed on bank lockers.
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