IT Dept carries out search on entities engaged in hotel, real estate business in Kolkata

New Delhi [India], January 15 (ANI): The Income Tax Department carried out search and survey operations on January 13 on persons/entities engaged in the business of hotels, real estate, automobile, financing, and wholesale trading of fruits in Kolkata, West Bengal, said Ministry of Finance. The cases were developed on the basis of available data in the departmental database, analysis of their financial statements, market intelligence, and discreet field enquiries.The search and seizure operation has resulted in the unearthing incriminating documents of undisclosed cash sales and claim of bogus expenses. During…