Income Tax Department conducts searches on business group in Goa

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Income Tax Department conducts searches on business group in Goa - News and Press Release Dated:- 14-10-2019 - News - The Income Tax Department carried out search operation on 10th October 2019 c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... overing six premises of two groups involved in the sale-purchase of hotel resort at Goa. One of the groups covered currently owns a large property at Goa on which a 5 star resort project is b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eing built. The group is engaged primarily in hotels hospitality, real estate and construction. The buyer, a Delhi Based group of companies is into catering, restaurant and hotel business. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Search operations have been concluded. The search resulted in seizure of undisclosed assets of ₹ 4.39 crore comprising undisclosed cash of ₹ 2.55 crore and jewellery/valuables worth S .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 77; 1.84 crore.The group made a disclosure of a total amount of ₹ 124.41 crore representing undisclosed income and also committed to pay taxes immediately. - News - Press release - PIB Tax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X