Income Tax Department conducts searches in Visakhapatnam

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..... Income Tax Department conducts searches in Visakhapatnam - News and Press Release Dated:- 27-8-2021 - News - The Income Tax Department carried out search and seizure operation on 25.08.2021 on a gro .....

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..... up based in Visakhapatnam at 17 different premises across Andhra Pradesh, Chhattisgarh, Nagpur and Kolkata. The group entities are engaged in extraction of vegetable oils, mining of manganese ore, and .....

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..... manufacturing of ferro alloys. During the course of the search operation, hand written diaries/documents, loose sheets depicting undisclosed cash transactions were seized. The group is inflating e .....

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..... xpenditure, indulging in cash sales of oil and under invoicing of slag. Transactions in the form of suppression of sales and inflation of expenditure were unearthed. Unaccounted cash of ₹ 3.0 .....

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..... crore has been seized so far. In total, the searches have resulted in detecting incriminating evidence relating to undisclosed financial transactions of about ₹ 40 crore. Further investigati .....

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..... ons are in progress. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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