Tax Department conducts searches in Kerala; detects unaccounted income of Rs. 200 crore

The Income-tax Dept. has carried out search and seizure operation in Kerala on two groups, engaged in the business of quarry operation. During search, a parallel set of books of account recording the entries of actual sales and receipt of cash was found and seized. The search has led to the detection of estimated unaccounted income to the tune of Rs. 200 crore.The Income-tax Dept. has carried out search and seizure operation in Kerala on two groups, engaged in the business of quarry operation. During search, a parallel set of books of account recording the entries of actual sales and receipt of cash was found and seized. The search has led to the detection of estimated unaccounted income to the tune of Rs. 200 crore.taxmann.com Latest Statutory HappeningsRead More

Leave a Reply