Income Tax Dept. Conducts Search Operations in Chhattisgarh on Politically Exposed Person
- Blog|News|Income Tax|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 12 February, 2024
Latest from Taxmann
Press Release, dated 08-02-2024
The Income-tax Department initiated search and seizure operations in the case of a Politically Exposed Person (PEP), his close associates and a few Government officials on 31/01/2024. Incriminating documents related to the illegal grabbing of land by the close associates of the PEP have also been found.
Similarly, the undue influence of PEP was also utilized by his associates in getting permission for the purchase of “Punarwas Patta”. Issues related to mismatch in turnover vis-à-vis bank credits have also been detected from the factory premises owned by the spouse of the PEP, who is running a manufacturing concern of Hume Pipes.
The search operation has resulted in the seizure of unaccounted cash and jewellery exceeding Rs. 2.50 crore. Further investigations are in progress.
Click Here To Read The Full Press Release
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
