I-T Dept. detects import under-invoicing, tax evasion by laptop firm
The Hindu
The searches were carried out on October 10 at locations in the National Capital Region, Haryana and West Bengal.
The Income Tax Department has detected "large-scale" under-invoicing of imports after it recently raided a trader of laptops and mobile phones, the CBDT said on Saturday.
The searches were carried out on October 10 at locations in the National Capital Region, Haryana and West Bengal.
"The evidences found and seized during the course of the search reveal that the payments for such under-invoiced goods to foreign consigners have been made through hawala channels.”
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