CHENNAI: Income tax searches in the last four days in a metal processing and money lending group have led to seizure of Rs 1 crore cash and documentary evidence of Rs 400 crore unaccounted income. The searches done in Chennai have unearthed cloud servers used by the group for keeping clandestine accounts. That apart, the group maintained a normal accounting system too, said income tax officials.
“On Tuesday, the I-T department conducted searches on a prominent business group based in Chennai, dealing in the business of non-ferrous metal processin
I-T searches on metal processing group yields Rs 1cr cash, unearthes Rs 400cr unaccounted income
Byindianadmin
Mar 1, 2020