Income Tax Dept carried out search & seizure y'day in case of a leading advocate practising in field of commercial arbitration & alternate dispute resolution.
He was suspected to receive substantial amounts in cash from his clients, to settle their disputes
(Source: @ANI )
He was suspected to receive substantial amounts in cash from his clients, to settle their disputes
(Source: @ANI )
During the search, 38 premises spread over Delhi, NCR and Haryana have been covered and cash of Rs 5.5 crores has been seized, while 10 lockers have been placed under restraint: Ministry of Finance
@nsitharaman @FinMinIndia @ANI
@nsitharaman @FinMinIndia @ANI
In one case, the assessee received Rs. 117 crore from a client in CASH, whereas he had shown only Rs. 21 crore in his records, which was through cheque.
In another case, he received more than Rs. 100 crore in cash
@nsitharaman @FinMinIndia
In another case, he received more than Rs. 100 crore in cash
@nsitharaman @FinMinIndia
Evidences recovered indicate investment of more than Rs. 100 crore in the last two years. The assessee has also purchased several schools and properties, for which also more than Rs. 100 crore was paid in cash. He has also taken accommodation entries worth several crores.
Income Tax Dept raids Advocate: 38 premises of a leading commercial arbitration lawyer; Seizes Rs 5.5 crore cash
Read Story: bit.ly/3k4x8o5
Read Story: bit.ly/3k4x8o5
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