Income Tax Raid On 2 Delhi Real Estate Groups, Rs 10 Crore Cash Seized

The Income Tax Department also seized various incriminating evidences in the form of digital and physical data.

The Income Tax Department conducted searches on two real estate groups based in Delhi-NCR in connection with alleged large scale tax evasion and seized unaccounted cash of Rs 10 crore, informed the Central Board of Direct Taxes (CBDT) on Wednesday.

The search operations were conducted on November 17.

The evidence gathered so far indicates that undisclosed income could be to the tune of about Rs 400 crore.

According to the CBDT, these groups are engaged in the construction of commercial and residential projects.