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Tax Dept. conducts search & seizure operation on Multi-specialty Hospital in Srinagar

February 22, 2021
The Income Tax Department has carried out search and seizure operation on a group running the biggest private Multi-specialty Hospital in Srinagar with more than 100 beds. The group has made unaccounted property transactions of more than Rs.100 crore in cash since FY 2013-14 onwards. The search has revealed substantial evasion of stamp duty due to the State Govt./Union Territory on cash paid as sale consideration over & above the registered value of the property
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