I-T Dept finds Rs 700 cr unaccounted income in recent search in Tamil Nadu

Seizes cash amounting to Rs 21 cr in a search operation covering 15 premises at Erode and Chennai

During a recent search of a Tamil Nadu-based group, the Income Tax Department detected a sum of Rs 700 crore in unaccounted income and seized Rs 21 crore of unaccounted cash.

The Department carried out searches on December 14, on a group based in Erode, covering 15 premises in that city and in Chennai. 

The group is a leading civil contractor for government works, specialised in erecting Seawave breaks along the coastline. It has diversified into bus transport, food masalas and running marriage halls, according to the Department.

 

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