In the current case of three prominent businessmen in Srinagar and Kupwara on 2nd September 2020, the income tax administration has implemented contemporary research and operations. The case consolidated about the undisclosed amount and the operations have prima facie seizure of unaccounted assets and incriminating proof and relationship in unnamed transactions by certain groups.
In the operation, it has been noticed that an executive of one of the groups has a relation with across the border for trade has done until the government has barred the trade-in 2019, and the tax had not filed. Also, there are 2 active PAN cards found that he has enrolled with. Also in some of his last years, he has proprietorship which involves the export of Rs 25 crores he has done before. But no ITR has been filed, the related documents of LoC trade have been captured from the custody of cross LoC trade which has seen huge evasion of tax. Also, his daughter has found to be studying in Pakistan whom he has not mentioned anywhere in the ebooks of India.
The other case consists of his brother and he himself engaged in the cross border trade till the suspension of the trade by the officials. They had made an overall export of Rs 3 crores in the last 2 years, whereas they had filled the return only for one year and showed fewer receipts. The ITR filed doesn’t match with the credits in the various banks which consist of crores of rupees. The proofs show illegal trade in the crime of suspension of trade has been seized. According to his passport from 2017, he has visited every year to Pakistan and there is no evidence for it.
Another case where the group is assaulted with cross LoC trade for vegetables and fruits. The case has closed with an amount of Rs 15 lakh which has no accounting. The group has various concerns although the transactions of the group have not shown in the Income Tax Return(ITR) 
A quick guide to the complete process of Income Tax Return Filing along with an introduction to e-filing, eligibility, and the deadline for filing the ITR. read more. In the case of an individual of this group, who has not filed the ITR, documents relating to the unaccounted business activities of about Rs.10 crore have been seized. In the other case, the key person partnered with has accepted that only his mane is listed in the papers but he has no involvement within the trade. The angle of the unnamed transaction has investigated the case. A locker has revealed which yet to examine and placed inside the restraint.
Additional examinations are running on.
