Representative Image ANI | Updated: Mar 07, 2021 16:41 IST
New Delhi [India], March 7 (ANI): The Income Tax Department carried out searches on Thursday in premises of a leading bullion trader in Tamil Nadu and one of the biggest jewellery retailers in South India which resulted in the detection of undisclosed income of more than Rs 1,000 crores, said the Union Ministry of Finance on Sunday.
A statement released by the Finance Ministry today said that unaccounted cash of Rs 1.2 crores has been seized so far in the investigation.
The pieces of evidence found in the premises of the bullion trader revealed that there were unaccounted cash sales, according to the statement.
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Pune (Maharashtra) [India], February 22 (ANI): The Income Tax Department on February 17 carried out search and seizure operations on a Pune-based tobacco group at 34 locations across Maharashtra, wherein it detected Rs 335 crores of undisclosed income and seized Rs 1 crore of unaccounted cash.
"Total undisclosed income amounting to Rs 335 crore has been detected so far," CBDT said. The group is based in Pune s Sangamner area and its entities are largely engaged in packaging and sale of tobacco and related products, generation and distribution of power, sale of FMCGs, and real estate development, it added.