Unaccounted‌ ‌income‌ ‌of‌ ‌more‌ ‌than‌ ‌100‌ ‌crores‌ ‌unaccounted‌ ‌for‌ ‌in‌ ‌Income‌ ‌Tax‌ ‌Department's‌ ‌search‌ ‌ operation‌

Income‌ ‌Tax‌ ‌Department

Income‌ ‌Tax‌ ‌Department

The Income Tax Department had conducted search and seizure operations at several places in Maharashtra since last Thursday, October 21, in the case of a person engaged in real estate business primarily working as a land aggregator. So far, unaccounted income of more than Rs 100 crore has been unearthed in the search operation of the Income Tax Department. The evidence collected is being examined and further investigation is on.

The Central Income Tax Department informed that during the search and seizure operation, several incriminating documents including land agreements, notarized documents and other papers were found and seized as evidence of large scale cash transactions for acquisition of property. Such transactions are also corroborated by digital evidence extracted from computers and mobile phones. Apart from this, huge amounts of unaccounted cash have been found in many private safes. 23.45 crore has been seized so far and one locker has also been sealed.

In this search operation of the Income Tax Department, many illegal unaccounted incomes have also been found to be invested for the purchase of large tracts of land, the transactions for which are being investigated. Most of the persons involved in this transaction are engaged in wholesale trading of onions and other cash crops in Pimpalgaon Baswant area of ​​Maharashtra.

Incriminating evidence including records of large cash transactions carried out by these traders to invest in properties have also been found and seized. Prohibitory orders have been imposed on several bank lockers found during the search.

Sources:- Buisnesssandesh 



KL Rahul and Rashid Khan

KL Rahul and Rashid Khan allegedly approached by Lucknow, complaint lodged by PBKS and SRH

The deadline by which all 8 IPL franchises should give the list of players that they would like to retain ahead of the mega auctions is 30th November...

IPL 2022

Retainment Player List of IPL 2022

By Tuesday evening, the official list of retainment will pour in after the selection procedure of the eight original franchises. As per the repor...

States & UTs

Resident doctors

Resident doctors in Karnataka go on a strike from the 29th of November

The association of the Karnataka doctors on Sunday went on for a statewide strike from the 29th of November the reason for the strike being the three-...

International Trade Fair

Bihar bestowed with gold Award at 40th International Trade Fair

Bihar secured the first position with a gold Award at the 40th India International Trade Festival (IITF) for its excellence in display in state govern...


Akhilesh Yadav

UP educational system corrupted, Akhilesh Yadav alleges

UPTET 2021 Paper was reported to have been leaked. Samajwadi Party chief, Akhilesh Yadav intimates e...

Tripura Municipal Election

BJP Leads Tripura Municipal Election Results 2021

Tripura Municipal Election Results 2021: The counting of votes for over 200 seats in the Agartala Mu...


Ranveer Singh

Ranveer Singh Playing Kapil Dev in 83:Trailer Launch

The trailer of 83 is finally out after much wait and speculation. The film is based on India's w...

Sanjay & Poonam’

Another celebrity wedding completed at the end of 2021

 Another celebrity wedding completed at the end phase of the year 2021. This time the couple is...


The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.