The second group conducted search operations in Solid Waste Management company comprising solid waste collection, transportation, processing, and disposal services across the country.

On October 12, 2021, the Income Tax Department conducted raids in two groups in several states. Officials mentioned that the first group was engaged in digital marketing and campaign management. The group carried out search operations at seven premises located in Bengaluru, Surat, Chandigarh, and Mohali.

During the search operation carried out by the first group, the official managed to seize incriminating evidence. The evidences claim that the group was engaged in obtaining accommodation entries using an entry operator. The entry operator admitted to have facilitated the transfer of cash and unaccounted income of the group through Hawala operators. Reportedly, inflation of expenditure and under-reporting of revenue has also been detected. The group has also been found to be indulging in unaccounted cash payments.

Inflation of expenditure and under-reporting of revenue has also been detected. The group has also been found to be indulging in unaccounted cash payments. It is also found that the personal expenses of the directors have been booked as business expenses in the books of accounts. Luxurious vehicles used by the directors and their family members are found to have been purchased in the names of employees and entry providers.

Meanwhile, the second group conducted search operations in Solid Waste Management company comprising solid waste collection, transportation, processing, and disposal services across the country, primarily catering to Indian municipalities. The search action has led to the detection of unaccounted investment in property of about Rs. 7 crores. Apart from this, the search action has resulted in the seizure of unaccounted cash of Rs. 1.95 crore and jewellery of Rs. 65 lakh.

Further investigations are in progress in both the groups.

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