Thursday, December 9, 2021

I-T Dept raids select business premises engaged in Digital Marketing & Waste Management at Bengaluru, Surat, Chandigarh and Mohali

The Income Tax Department has conducted searches on groups engaged in the business of Digital Marketing and Waste Management. The first group is engaged in digital marketing and campaign management wherein the search operations have been carried out at seven premises located in Bengaluru, Surat, Chandigarh and Mohali.
Central Board of Direct Taxes in a statement said that the incriminating evidence found reveals that the group has been engaged in obtaining accommodation entries using an entry operator. The entry operator has admitted to have facilitated transfer of cash and unaccounted income of the group through Hawala operators. The second group searched is engaged in Solid Waste Management and the evidence found during the search reveals that this group has indulged in booking of bogus bills for expenses and sub-contracts.
The search action has led to the detection of unaccounted investment in property of about seven crore rupees. Apart from this, the search action has resulted in seizure of unaccounted cash of around 2 crore rupees and jewellery worth 65 lakh rupees.

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