IT dept seizes 32 crore cash and 10k gold in search operation

Last updated: 19 November 2019

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi New Delhi, 17th November, 2019 Income Tax Department seizes substantial amount of cash in Tamil Nadu On 15.11.2019, the Income Tax Department commenced a search action under section 132 in the case of a company in a tier 3 city in Tamil Nadu. The company is in the business of manufacturing certain specialized materials which are supplied to the health sector in India and abroad. Based
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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