MrSocial News [Admin]
Jan 16, 20211 min
Also, read- Study finds infection of past covid-19 provides some immunity but may still have community transmit
Round tripping of unaccounted wealth through professional help has also been detected. Evidence of booking a bogus loss on the sale of penny stocks, advancing of unaccounted cash loan and earning of unaccounted commission/brokerage/interest was also detected.
So far, concealment of income amounting to more than Rs. 450 crore has been detected. The assessee has made an admission of undisclosed income amounting to Rs. 105 crore. The search action has resulted in the seizure of unaccounted cash of Rs.1.58 crore.
Further investigations are in progress.
Read more from the below Tags-