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Tax Dept. conducts search on group engaged in business of gold &

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Tax Dept. conducts search on group engaged in business of gold & diamond jewellery and real estate

 

Press Release, dated 22-11-2022

The Income-tax Dept. has conducted Search & Seizure action on a few groups engaged in the business of gold & diamond jewellery and real estate.

The searches were carried out at more than 30 premises spread over Patna, Bhagalpur, Dehri-on-Sone, Lucknow and Delhi. analysis of seized evidence reveals that this group has invested its unaccounted income in cash purchase of jewellery, renovation of shops and immovable properties.

A large number of incriminating documents and digital evidence demonstrating evasion of income have been found & seized. the search action has led to the detection of unaccounted transactions exceeding Rs. 100 crores.





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