Tax dept. conducted search amp; seizure operation at various premises of ‘Sonu Sood’ in Mumbai

The Income Tax Department has conducted a search and seizure operation at various premises of a prominent actor, Mr. Sonu Sood, in Mumbai and also a Lucknow based group of industries engaged in infrastructure development. It has been revealed that bogus loans have been used by actor for making investments and acquiring properties. The total amount of tax evaded unearthed so far, amounts to more than Rs. 20 crore.The Income Tax Department has conducted a search and seizure operation at various premises of a prominent actor, Mr. Sonu Sood, in Mumbai and also a Lucknow based group of industries engaged in infrastructure development. It has been revealed that bogus loans have been used by actor for making investments and acquiring properties. The total amount of tax evaded unearthed so far, amounts to more than Rs. 20 crore.taxmann.com Latest Statutory HappeningsRead More

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