Posts

Showing posts with the label Indian Revenue Service

Tax evasion: I-T makes highest cash seizure of Rs 9.55 cr in Pune

Image
Tax evasion: I-T makes highest cash seizure of Rs 9.55 cr in Pune The policy-making body of the department said the action was undertaken on November 4. It did not identify the entity. Current Affairs :The CBDT on Thursday said the Income Tax Department has made a record-breaking high money seizure of Rs 9.55 crore in the Pune district of Maharashtra after it struck a nearby specialist regarding a tax avoidance case. The approach making body of the division said the activity was attempted on November 4. It didn’t distinguish the element. “Knowledge data was gotten that the representative was in control of a lot of money at his home and that this money was probably going to be moved inside a limited capacity to focus time. “In a quick activity, some starter circumspect enquiries were made to learn the accessibility of money and a solitary warrant was executed to look through the habitation of the person alongside review at his business premises,” the Central Board of Di...