Ministry of Finance

Income Tax Department conducts searches in NCR

Posted On: 02 DEC 2019 7:17PM by PIB Delhi

The Income Tax Department conducted a search and survey action on a group having interest in infrastructure, mining and real estate. More than 25 premises were covered in NCR.

Search action led to recovery of unaccounted assets and incriminating documents. Cash ledgers containing details of unaccounted cash receipts of more than Rs 250 crore have also been found and seized. The group also did not pay taxes on several property transactions. Unaccounted assets of Rs 3.75 crore have been seized. Thirty-two bank lockers have also been sealed. The group has admitted undisclosed income of more than Rs 3,000 crore and agreed to pay tax on the same.

****

RM/KMN
(Release ID: 1594587)

More Under Income Tax

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

December 2020
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031