Finished / Alvi It Team Looking for Business House Manufacturing Pan Masala, found a network of fake shell companies Times Kanpur Network News: The income tax department team on Thursday conducted a search in a large business home involved in manufacturing Pan Masala and Real Business Plantation.
The house also has business interest in Delhi.
The search continued even on Friday.
In accordance with the press release issued by Surabhi Ahluwalia, Commissioner of Income Tax (Media and Technical Policy), this group in the PAN Masala and Real Estate Manufacturing Business.
“As many as 31 premises, scattered in Kanpur, Noida, Ghaziabad, Delhi and Kolkata, were searched,” said the broadcast.
The Group has resulted in a large advantage through Countless PAN sales and also through countless real estate businesses.
Inevitable income was washed back into fears through the extensive link company Shell.
Digital and paper proof was found during the search for revealing a national network of paper companies made by the group.
Directors of these companies are people who do not have financial means, the release is stated.
“While some directors don’t even propose their income tax returns, returning other files from very little amount.
Field investigation further revealed that this paper company was not at the address mentioned and never did any business,” said the broadcast.
Strangely, in just three years, these companies have advanced ‘loans’ and ‘advances’ to real estate groups of Rs 226 Crore.
The 115 network of the Shell company has been found.
Digital data forensic analysis is ongoing.
The main “Director ‘also acknowledged that they were only’ Director of Dummy ‘and signed on a dotted line as and when needed in return for the commission for their’ service ‘, the word release.
The modus operandi is similar in connection with the PAN business because they have also washed Returns their income that is countless through the extensive network of the Shell company.
Countless loans and premiums received from the paper company exceed the RS.
110 Crore in three years, has been detected, the release is then said.
It has also been found that through several companies this paper Kolkata based, false sales and manure purchases have been shown, amounting to Rs.
80 crores so cash can be deposited to a bank account.
During search, more than RS 52 lakh and 7 kg gold found.
Preliminary numbers show Countless transactions exceed RS.
400 Crore, further press release say.
30K it’s RAID.
