Income-tax Department conducted search operation in Tamil Nadu

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  • Last Updated on 22 June, 2022

Income Tax search and seizure

Press Release, dated 20-06-2022

Income Tax Department has carried out search and seizure operations on 15.06.2022 on a leading industrial group of Chennai, engaged in the business of manufacturing of IMFL, logistics, hospitality, entertainment, etc.

During the search operations, various incriminating documentaries and digital evidence have been seized. The analysis of such evidence indicates that the assessee group has indulged in large-scale tax evasion exceeding Rs. 400 crore by debiting non-genuine purchase bills in the books of account of varied businesses.

The search action has led to the seizure of undisclosed cash of Rs. 3 crore and unaccounted gold jewellery worth Rs. 2.5 crore.

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