9911796707
TMI BlogIncome Tax Department conducts searches in PuneX X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax Department conducts searches in Pune X X X X Extracts X X X X X X X X Extracts X X X X ..... Sangamner, Pune at 34 different locations across Maharashtra. The group entities are largely engaged in packaging and sale of tobacco and related products, generation and distribution of power, sale ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of FMCGs, and real estate development. During the course of the search operation, hand written and excel sheets maintained on computer revealed unrecorded cash sale transactions amounting to ₹ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 243 crore related to sale of tobacco. In addition to this, action on some dealers in tobacco products revealed further unrecorded sale by them amounting to ₹ 40 crore approximately. The group i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s also accepting and paying cash over and above the registration value in transactions relating to real estate. Evidence of transactions amounting to ₹ 18 crore was found in this regard. Issues ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... relating to violations of section 50C of the Income-tax Act, 1961 amounting to ₹ 23 crore have also been found. During the course of the search operation, profit on unrecorded transactions of s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ale of real estate amounting to ₹ 9 crore has been accepted by the assessee. Seizure of unaccounted cash of ₹ 1 crore has been made. Total undisclosed income amounting to ₹ 335 crore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has been detected so far.
Further investigations are in progress. X X X X Extracts X X X X X X X X Extracts X X X X
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