Quick Summary
Income Tax Department conducts searches in Odisha The Income Tax Departmentcarried outsearch and seizure operations on a group engaged in the business of mining, processing and trading of black stones. The search operation covered more than 15 premises located at Bhubaneswar, Jajpur, Cuttack, Dhenkanal, Keonjhar, Hyderabad, Kolkata, Gurugram, Noida etc. During the course of the search and seizure operations, various incriminating documentary and digital evidences, including hand-written bo
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 011-411-70713
FAQ :
The group is engaged in the business of mining, processing, and trading of black stones.
The search operations covered more than 15 premises in cities like Bhubaneswar, Jajpur, Cuttack, Dhenkanal, Keonjhar, Hyderabad, Kolkata, Gurugram, and Noida.
Incriminating documentary and digital evidence, including hand-written books and loose sheets, were found and seized. These contained details of cash sales and bogus sundry creditors.
The seized documents indicate systematic details of cash sales exceeding Rs. 80 crore, which were not recorded in the group's regular books of account.
The search action led to the seizure of unaccounted cash, jewellery, and bullion exceeding Rs. 1 crore.
No, further investigations are in progress.
CAclubindia
