News > I-T raids group running multi-speciality hospital in Srinagar

I-T raids group running multi-speciality hospital in Srinagar

Evidence showing more than 50 per cent of consideration (over and above the registered value of the property) received in cash from buyers, has been seized during the search operation, said the statement, adding such sale consideration received in cash has never been offered to tax.

The statement said, the search has revealed substantial evasion of stamp duty due to the state government or union territory on cash paid as sale consideration over and above the registered value of the property.