According to the Income Tax Department, during this raid, transactions worth more than 500 crores have been detected.
The Income Tax Department on Tuesday exposed a very large network of fake billing. The finance ministry said in a press release on Tuesday that raids were conducted at 42 places in Delhi-NCR, Haryana, Punjab, Uttarakhand and Goa and transactions worth more than Rs 500 crore were detected. This amount was tried to hide through accommodation entries. Entry was made by dividing a large amount into small parts in accommodation entries.
The Income Tax Department has also recovered jewels and cash worth Rs 5.26 crore by raiding the locations of several hawala operators and many people making fake bills. According to the Income Tax Department, during this raid, transactions worth more than Rs 500 crore have been detected.
The Central Board of Direct Taxes (CBDT) said that 42 premises were raided in Delhi-NCR, Haryana, Punjab, Uttarakhand and Goa on Monday. Officials said the action was taken against a large network of people running entry operations (hawala-like operations) gangs and those making more money through fake bills. CBDT (Central Board of Direct Taxation) said in a statement that Rs 2.37 crore cash and jewelry worth Rs 2.89 crore were recovered during the raids. 17 bank lockers have also been detected, which have not been searched.
Explain that the Central Board of Direct Taxes is an administrative authority of the Income Tax Department. CBDT said that evidence has been found exposing the network of anti-operators, middlemen, cash operators, beneficiaries and companies and companies. He said that till now, evidence of misappropriation worth more than Rs 500 crore has already been found and seized.
The CBDT said further investigations were underway. Investigation has so far revealed that these people have invested a lot in the properties of prime cities. As well as deposited hundreds of crores of cash. According to sources, the Income Tax Department has raided 42 locations of entry operator Sanjay Jain and his beneficiaries in Delhi-NCR, Haryana, Uttarakhand, Punjab and Goa.
