Income Tax Department conducts search and seizure operation in Nagpur
Income Tax Department conducts search and seizure operation in Nagpur
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New Delhi: The Income Tax Department carried out a search and seizure operation in the case of a prominent public figure in Nagpur and his family members, who have wide business interests spanning the fields of education, warehousing, and agri-business across Maharashtra.

The group is having wide business interests spanning the fields of Education, Warehousing and Agri-business in Nagpur and other parts of Maharastra. More than 30 premises were covered in the search and survey operations spread across Nagpur, Mumbai, New Delhi and Kolkata.

The department said that during the course of the search and seizure operation, conducted on September 17, many incriminating documents, loose sheets and other digital evidences were found and seized. This evidence clearly shows the involvement of the group in unaccounted financial transactions made outside the regular books of accounts including inflation of expenses, money laundering, bogus donation receipts, unaccounted cash expenses etc, an IT Department's statement said.

Further, specific evidence have been unearthed which reveal that 3 educational institutions of the trust have indulged in inflation of expenses in which salaries paid to the employees were partly collected back in cash. Such evidences were found for several financial years and amount to more than Rs 12 crore.

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