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The Cost Of An Income Tax Raid & Why Gujarat Remains A Favourite Destination

March 14, 2022 15:09

The power to conduct a search on tax evaders’ houses, followed by subsequent seizure of illicit money, property and assets is one of the most important powers granted to the Income Tax Department. However, every raid comes with a cost. The most expensive process is digital data extraction. In the last three raids, professionals were […]

Gujarat Income Tax Raids Rajendra Majithia’s Urmin Group; Over 35 Crores Of Unaccounted Income And Jewellery Identified

March 8, 2022 21:49

The Income Tax department carried out search and seizure operations at 30 premises of the Urmin group. The search began on Monday at the residential and office premises of founders Rajendra Majithia, Kaushik Majithia and Tejas Majithia. On the second day of investigation, a total of Rs 15 crores of unaccounted income, Rs 20 crores […]