During the last fiscal (2013-14), the I-T also seized assets like jewellery, fixed deposits and cash worth ` 807.
The number of search warrants executed by the investigations wing of the I-T Department also saw an upward trend in the last fiscal as during 2012-13 these warrants stood at 3,889.
With regard to survey operations (done by the I-T Department under Section 133 of the Income Tax Act), a total of 5,327 surveys were conducted during the last fiscal as compared to 4,630 such operations during 2012-13.
A core team of I-T
(investigation) Mumbai officials is likely to hold a meeting on Monday to take a call on how to proceed with the probe and sift through important documents procured on Thursday.
Headquartered in Santa Monica, CA, Dynamic I-T
, Incorporated (OTCBB:DYNM), under its L-earnbiz brand is a provider of cutting-edge executive education seminars to senior executives in major corporations and organizations worldwide via distance learning formats.
Both the I-T
department and the ED are checking details about payments made to foreign players and the flow of funds into India, a senior official said.
In our view Dynamic I-T
is a very exciting company, we are very impressed with what management has been able to accomplish in such a brief period of time.
The addition of this seminar to our course catalogue demonstrates how Dynamic I-T is utilizing its high-powered strategic resources and partnerships to remain on the cutting edge of our industry," stated Spencer Young, President and CEO of Dynamic I-T.
Commenting on this seminar, Ritchie-Dunham said, "I'm excited that Dynamic I-T has elected to produce a distance learning seminar based on the principles and practices of Managing From Clarity.
By instituting qualified distance learning programs developed by Dynamic I-T
, we hope to promote higher learning opportunities for Chinese students within China's education institutional framework.
The newly structured Dynamic I-T will include two divisions.
Capitalizing upon the cutting edge skills of its team of experts, Dynamic I-T will offer to Fortune 1000 and other large companies, governmental bodies and institutions, throughout the world, only the highest level, most sophisticated seminars on e-commerce, information technology and marketing.