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Income tax department found Rs 3000 crore undisclosed income in a raid at Delhi NCR

Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

New Delhi, 2nd December, 2019

PRESS RELEASE
Income Tax Department conducts searches in NCR

Income Tax Department conducted a search and survey action on a group having interest in infrastructure, mining and real estate. More than 25 premises were covered in NCR.

Search action led to recovery of unaccounted assets and incriminating documents. Cash ledgers containing details of unaccounted cash receipts of more than Rs. 250 crore have also been found and seized. The group also did not pay taxes on several property transactions. Unaccounted assets of Rs 3.75 crore have been seized. 32 bank lockers have also been sealed. The group has admitted undisclosed income of more than Rs. 3000 crore and agreed to pay tax on the same.

(Surabhi Ahluwalia)
Commissioner of Income Tax
(Media & Technical Policy)
Official Spokesperson, CBDT

 

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