Monday, May 6, 2019

CBDT conducts searches on business group premises dealing in lotteries

Income-tax Dept. has conducted searches on a Coimbatore based business group premises handling the lotteries run by certain State Governments. During the search, the assessee admitted unaccounted income of Rs. 595 crore received from stockists towards manipulation of PWT (Prize Winning Tickets).

from taxmann.com News http://bit.ly/2VNZJoM
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