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Updated on: Thursday, November 04, 2021, 01:34 PM IST

After raids, Income Tax Department detects Rs 50 cr black income in Rajasthan

Thirty-three premises were covered during the searches in Rajasthan that were carried out on October 28. | Pixabay

Thirty-three premises were covered during the searches in Rajasthan that were carried out on October 28. | Pixabay

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The Income Tax (I-T) Department has detected unaccounted income of more than Rs 50 crore following raids on sand mining, liquor and real estate businesses in the border towns of Rajasthan recently, the CBDT said on Thursday.

Thirty-three premises were covered during the searches that were carried out on October 28, it said.

''Documentary evidences were found and seized indicating receipt of unaccounted cash as well as utilisation of the same towards purchase of land.

''Evidence of cash sales of sand has been found...the analysis of the same reveals that part of these cash sales have not been recorded in the books of accounts,'' the CBDT said in a statement.

Unaccounted cash of Rs 2.31 crore and jewellery worth Rs 2.48 crore have been seized, it said.

''The action has led to the detection of total unaccounted income exceeding Rs 50 crore,'' the CBDT said.

''Out of the above, the assessees have admitted unaccounted income exceeding Rs 35 crore and offered to pay due taxes on the same,'' the statement said.

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Published on: Thursday, November 04, 2021, 01:34 PM IST
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