cbdt: the ISD conducts research on groups engaged in digital marketing, waste management

NEW DELHI: The Income Tax Department recently conducted research on two groups engaged in digital marketing and waste management in multiple states, the Central Direct Taxation Council (CBDT) said on Sunday.
According to an official statement, the IT department on October 12 launched search and seizure operations in two groups, active in the field of digital marketing and waste management, based in several states.
“The first group is engaged in digital marketing and campaign management in which the research operations were carried out at seven premises located in Bengaluru, Surat, Chandigarh and Mohali,” the statement said.
According to CBDT, the incriminating evidence found reveals that the group has made a commitment to secure accommodation entries using an entry operator. The entry operator acknowledged having facilitated the transfer of cash and unrecognized income from the group through the Hawala operators.
“Spending inflation and income underreporting were also detected. The group was also found to be engaged in unrecorded cash payments. It was also found that personal expenses of directors were recorded as business expenses in the books of Luxury vehicles used by directors and their family members were found to have been purchased on behalf of employees and suppliers of ‘access’, specifies the press release of the CBDT.
The second wanted group, according to the statement, is engaged in solid waste management comprising solid waste collection, transportation, treatment and disposal services across the country, primarily for Indian municipalities.
“During the search, various offending documents, loose papers and digital evidence were seized. The evidence found reveals that this group engaged in posting false invoices for expenses and subcontracts. An estimate preliminary of these bogus expenses recorded is to the tune of Rs 70 crore, ”said CBDT.
The search action led to the detection of unrecorded investments in the property of approximately Rs 7 crore. Apart from that, the search action resulted in the seizure of unrecorded cash of Rs 1.95 crore and jewelry of Rs 65 lakh.
Additional investigations are underway in both groups.

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