Income tax department detects Rs 100-crore tax evasion

New Delhi, Feb 7 (UNI) After having raided offices of Gurgaon-based group of businesses in real estate and a private airline last week, Income Tax department today said it has detected tax evasion of over Rs 100 crore.

After raiding the group, IT sleuths surveyed 11 places in Delhi, Mumbai and Gurgaon of two leading groups of builders having close business connections and transactions with the group. These two groups of builders admitted to unaccounted income of Rs 63 crore and Rs 31 crore, the statement said.

It said it found huge cash during survey at another builder's premises, adding search of the residence of the company's directors yielded another Rs 2 crore which was seized. This builder, the statement added, also admitted to unaccounted income of Rs 10 crore.

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