Gallery
- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
The 18-year-old, Chirag Chikkara clinched a gold medal in the men’s freestyle 57kg categ
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
- FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant
- Ecuador ready to make history against Uruguay: Beccacece
- Divanshi wins second gold as India sweep women's 25m standard pistol at Lima Junior Worlds
Income Tax Department conducts searches in Maharashtra, Goa Last Updated : 28 Aug 2021 06:03:37 PM IST The Income Tax Department has carried out a search and seizure operation on a group based in Maharashtra and Goa.
The operation was carried out on August 25. The group is a prominent steel manufacturer and trader of Pune, Nashik, Ahmednagar and Goa. More than 44 premises were covered in the search operation, the finance ministry said in a statement not divulging the name of the group.The department said that during the course of the search and seizure operation, many incriminating documents, loose papers and digital evidence were seized. Evidence detected during the search revealed that the group was engaged in fraudulent practice of booking bogus purchases of scrap and sponge iron from various 'fake invoice issuers'.Premises of fake invoice issuers were also covered during the search. Such invoice issuers have admitted that they supplied only bills but no materials and also generated fake e-way bills to show it as genuine purchases and to claim GST input credit. With the active support of GST Authorities, Pune, "Vehicle movement tracking app" was used to identify fake e-way bills. Total bogus purchases identified from these parties, so far, is about Rs 160 crore, a finance ministry statement on the searches said.The verification is still in progress and the quantum of bogus purchases is likely to increase substantially.Further, shortage of goods to the tune of Rs 3.5 crore and excess stocks of Rs 4 crore was also found from the premises and the same has been admitted by the assessees. Unaccounted investment in property was also unearthed.Unaccounted cash of Rs 3 crore and jewellery amounting to Rs 5.20 crore has been seized from different premises. Unaccounted silver articles of 194 Kg valued at about Rs 1.34 crore have been found during the search and have been accepted and declared as additional income by the assessee.So far, a total of Rs 175.5 crore of unaccounted income has been unearthed, including unaccounted cash and jewellery, shortage and excess of stock and bogus purchases.The search operation is still continuing and investigations are in progress.IANS New Delhi For Latest Updates Please-
Join us on
Follow us on
172.31.16.186