The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Ahmedabad Crime

During raids on Gujarat Gutkha Distributor, 100 crores  hidden income was seized.

by TLAteam November 24, 2021November 24, 2021
written by TLAteam November 24, 2021November 24, 2021
During raids on Gujarat Gutkha Distributor, 100 crores  hidden income was seized.

During searches conducted by the Income Tax department on the premises of a Gujarat-based gutkha distributor, the Income Tax department discovered undisclosed income totaling more than 100 crore.

Business News

According to a government statement, on November 16, Income Tax officials searched at least 15 premises of the gutkha distributor in Ahmedabad.

The identity of the group is not revealed in the statement.

Unaccounted cash worth about 7.5 crore and jewellery worth about 4 crore were recovered during the raids. According to the government’s statement, the group admitted to having undisclosed income worth 30 crore.

During the November 16 searches, Income Tax officials also seized various incriminating documents and digital evidence, as per the statement.

According to the statement, an examination of the evidence points to the group engaging in tax evasion. This was accomplished through the use of unethical practises such as unaccounted material purchases, under-invoicing of sales, and unaccounted cash expenditures, according to a government statement.

“So far, the search operation has resulted in the discovery of unaccounted income totaling more than 100 crore. The group has admitted undisclosed income in excess of 30 crore as a result of this “According to the press release

The search team also discovered evidence suggesting the group made undisclosed investments in immovable properties, according to the statement. Cash sales were not recorded in account books, and the search team also discovered evidence suggesting the group made undisclosed investments in immovable properties, according to the statement.

For the time being, the Income Tax Department has shut the group’s bank lockers and is conducting further investigation.

0 comment
previous post
Over 3k schools in Gujarat selected for Mission Schools of Excellence project; World Bank team arrives
next post
IPL 2022 likely to begin on April 2 in Chennai, as per a media report

You may also like

Ahmedabad Woman Files FIR Against Husband and In-Laws...

June 6, 2025

Forgery and Cheating Case Filed Over Membership Scam...

June 4, 2025

Burglars Steal ₹6.9 Lakh from Five Offices in...

June 4, 2025

14-Year-Old Girl Kidnapped, Sold for Marriage; 3 Arrested

June 3, 2025

Man Arrested in Ahmedabad for Illegally Selling IPL...

June 2, 2025

Fake Insta Profile: Man Sends Lewd Messages as...

May 30, 2025

Illegal hookah bar found at Bru Roast Café...

May 30, 2025

Woman fakes death in ‘Drishyam’-inspired murder plot to...

May 29, 2025

Nurse turns ‘Gynaecologist’ to run abortion racket

May 28, 2025

Woman Fatally Stabbed in Ahmedabad; Husband Alleges Ongoing...

May 28, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • 19 Child Labourers Rescued from Jewellery Unit in Rajkot

    June 7, 2025
  • RBI Repo Rate Cut to 5.50%: How It Will Impact Your Home Loan EMIs and FD Returns

    June 7, 2025
  • Virat Kohli Named in Police Complaint Over Bengaluru Stampede That Claimed 11 Lives

    June 6, 2025
  • Ahmedabad Woman Files FIR Against Husband and In-Laws for Dowry Harassment and Abuse

    June 6, 2025
  • NEET-PG 2025 Exam on August 3 in Single Shift; Supreme Court Gives Final Approval

    June 6, 2025
November 2021
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Oct Dec »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.