Income Tax Department conducts searches in Kolkata

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..... Income Tax Department conducts searches in Kolkata - News and Press Release Dated:- 1-1-2021 - News - The Income Tax Department carried out search and seizure action on two Kolkata based Groups enga .....

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..... ged in manufacturing trading of Steel, trading of marbles stones, food grains etc. The search action has resulted in unearthing of incriminating evidences revealing various shell entities being .....

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..... used for raising bogus share capital/unsecured loans, discrepancies in stock and out of the books cash transactions. The Groups have accepted that they used paper/shell companies to route back their .....

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..... own unaccounted money. A total concealment of income amounting to ₹ 178 crore has been detected so far including excess stock of ₹ 38 crore. The search action has resulted in seizure of .....

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..... unaccounted cash of ₹ 1 crore and jewellery worth ₹ 1.42 crore. Further investigations are in progress. - News - Press release - PIB Tax Management India - taxmanagementindia - taxm .....

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..... anagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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