Monday, June 27, 2022
  • About
  • Advertise
  • Careers
  • Contact
Alex News by Alex V Dare
  • Home
  • News
    • All
    • Bihar News
    • National
    • World
    bet-awards-2022:-see-the-complete-list-of-winners

    BET Awards 2022: See the complete list of winners

    at-least-4-dead,-hundreds-injured-after-collapse-at-colombia-stadium-during-bullfight

    At least 4 dead, hundreds injured after collapse at Colombia stadium during bullfight

    after-earthquake-kills-1,000,-afghanistan-braces-for-cholera,-disease-outbreaks

    After earthquake kills 1,000, Afghanistan braces for cholera, disease outbreaks

    crypto-is-crashing-but-the-tech-behind-it-could-save-luxury-brands-billions

    Crypto is crashing but the tech behind it could save luxury brands billions

    more-than-700-flights-canceled-sunday

    More than 700 flights canceled Sunday

    five-people-were-injured-in-a-shooting-at-a-texas-trail-ride-gathering

    Five people were injured in a shooting at a Texas trail ride gathering

    north-korea-denounces-us-‘aggression’-as-it-marks-war-anniversary

    North Korea denounces US ‘aggression’ as it marks war anniversary

    us-to-announce-purchase-of-medium-to-long-range-surface-to-air-missile-defense-system-for-ukraine

    US to announce purchase of medium- to long-range surface-to-air missile defense system for Ukraine

    haotong-li-overcome-with-emotion-after-winning-bmw-international-open

    Haotong Li overcome with emotion after winning BMW International Open

  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Login
No Result
View All Result
Alex News by Alex V Dare
Home News National

I-T dept unearths suppression of sales worth Rs 1000 crore by 2 popular retail chains in Tamil Nadu

alokVerma by alokVerma
December 7, 2021
in National
0 0
0
i-t-dept-unearths-suppression-of-sales-worth-rs-1000-crore-by-2-popular-retail-chains-in-tamil-nadu
0
SHARES
461
VIEWS
Share on FacebookShare on TwitterWhatsApp

Related posts

woman-sarpanch-dies-a-day-after-winning-panchayat-elections-in-mp

Woman sarpanch dies a day after winning Panchayat elections in MP

June 27, 2022
delhi-police-busts-fake-call-centre-racket,-7-arrested

Delhi Police busts fake call centre racket, 7 arrested

June 27, 2022

The Profits Tax division searched a total of 37 premises of two trendy retail chains in the four cities on December 1.

I-T dept unearths suppression of sales worth Rs 1000 crore by 2 popular retail chains in Tamil Nadu

The IT team furthermore seized Rs 10 Crore in money and jewellery/ bullion price about Rs 6 crore. (Image for Illustration)

The Profits Tax division on Tuesday unearthed evidence of suppression of gross sales price Rs 1000 crores, as smartly chanced on several crores of unaccounted money purchases, following searches on the Saravana Astronomical Stores and Saravana Selvarathnam groups engaged in the retail gross sales of jewelry, textiles and residential dwelling equipment thru their chain of retail outlets in Chennai, Coimbatore, Madurai, and Tirunelveli.

The Profits Tax division searched a total of 37 premises in the four cities on December 1. In an announcement, the I-T division mentioned that someday of the search of one amongst the groups, it became chanced on that the assessee had been actively desirous about systematically suppressing gross sales by manipulating their books of accounts.

The extent of suppression of gross sales became chanced on to be better than Rs 1000 crore, over a period of several years. It became furthermore chanced on that the neighborhood made unaccounted money purchases of about Rs 150 crore in the textile division and jewellery division, someday of the previous few years.

ALSO READ: I-T Dept raids two Delhi-NCR genuine estate groups, detects Rs 400 crore dim earnings

In an analogous style, someday of the searches implemented on the 2d neighborhood, incriminating field subject seized has printed that the assessee neighborhood had obtained bogus payments from a build of parties to the tune of Rs 80 crore and thereby suppressed taxable earnings.

Proof touching on to the unaccounted purchases of gold has furthermore been gathered. Besides, the assessee neighborhood became chanced on to be debiting inflated manufacturing charges of jewelry. Besides to, unaccounted condo receipts and unaccounted scrap gross sales aggregating to Rs 7 crore agree with furthermore been detected.

The I-T team furthermore seized Rs 10 crore in money and jewellery/ bullion price about Rs 6 crore.

ALSO READ: I-T dept conducts search operations on genuine estate neighborhood in Mumbai, Navi Mumbai; seizes Rs 100 cr in money

Click right here for IndiaToday.in’s entire protection of the coronavirus pandemic.

Previous Post

Uttarakhand: Chipko Andolan-fame Chamoli village seeks relocation, threatens poll boycott

Next Post

MSC Bank scam: ED questions Maharashtra minister Prajakt Tanpure for 6 hours

Next Post
msc-bank-scam:-ed-questions-maharashtra-minister-prajakt-tanpure-for-6-hours

MSC Bank scam: ED questions Maharashtra minister Prajakt Tanpure for 6 hours

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

RECOMMENDED NEWS

hypersonic-missiles:-uk,-us,-and-australia-to-boost-defence-co-operation

Hypersonic missiles: UK, US, and Australia to boost defence co-operation

3 months ago
halifax-apologises-after-interest-rate-email-blunder

Halifax apologises after interest rate email blunder

2 months ago
russia’s-second-biggest-oil-company-calls-for-an-end-to-putin’s-war

Russia’s second biggest oil company calls for an end to Putin’s war

4 months ago
cnn-poll:-neither-biden-nor-trump-has-their-party’s-full-support-for-a-2024-run

CNN Poll: Neither Biden nor Trump has their party’s full support for a 2024 run

4 months ago

BROWSE BY CATEGORIES

  • Bihar News
  • Business
  • Culture
  • Lifestyle
  • National
  • News
  • Opinion
  • Politics
  • Purnea News
  • Sports
  • Travel
  • World

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali अंतराष्ट्रीय ताज़ा ख़बरें देश पूर्णिया बिहार ब्रेकिंग न्यूज़ बड़ी खबरें स्वास्थ्य

POPULAR NEWS

  • opinion:-prince-charles,-don’t-shake-hands-with-the-tyrant-who-kidnapped-our-father

    Opinion: Prince Charles, don’t shake hands with the tyrant who kidnapped our father

    0 shares
    Share 0 Tweet 0
  • A lot of young women worry about the end of Roe. I would celebrate it

    0 shares
    Share 0 Tweet 0
  • Covid: Travel changes too late to halt potential new wave – scientist

    0 shares
    Share 0 Tweet 0
  • Two women arrested over Cheadle nursery baby death

    0 shares
    Share 0 Tweet 0
  • There is still much stigma around the condition that cost this woman and her son their lives

    0 shares
    Share 0 Tweet 0
Alex News by Alex V Dare

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • BET Awards 2022: See the complete list of winners
  • At least 4 dead, hundreds injured after collapse at Colombia stadium during bullfight
  • After earthquake kills 1,000, Afghanistan braces for cholera, disease outbreaks

Category

  • Bihar News
  • Business
  • Culture
  • Lifestyle
  • National
  • News
  • Opinion
  • Politics
  • Purnea News
  • Sports
  • Travel
  • World

Recent News

bet-awards-2022:-see-the-complete-list-of-winners

BET Awards 2022: See the complete list of winners

June 27, 2022
at-least-4-dead,-hundreds-injured-after-collapse-at-colombia-stadium-during-bullfight

At least 4 dead, hundreds injured after collapse at Colombia stadium during bullfight

June 27, 2022
  • About
  • Advertise
  • Careers
  • Contact

© 2021 alex v dare - by DIB.

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2021 alex v dare - by DIB.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.