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I-T dept detects Rs 100 cr hidden income after raids on two business groups
Updated On: 09 September, 2022 05:30 PM IST | Mumbai | PTI
More than 20 premises located in Solapur, Osmanabad, Nashik and Kolhapur districts of Maharashtra were covered as part of the action, the Central Board of Direct Taxes (CBDT) said in a statement
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The income tax department has detected "unaccounted income" of more than Rs 100 crore after it recently raided two Maharashtra-based business groups, the CBDT said Friday.
The searches were launched on August 25 against the two groups that have not been identified by the authorities and are engaged in business of sand mining, sugar manufacturing, road construction, health care and running of medical college, officials said.
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