Mammoth I-T raid on two real estate groups reveals Rs 184 crore unaccounted income

The Department further said that the suspicious flow of funds has taken place with the “involvement of an influential family of Maharashtra”.

New Delhi: In a mammoth raid on two real estate groups of Mumbai, the Income Tax Department unearthed unaccounted income to the tune of Rs 184 crore in form of benami transactions, cash and jewellery.

The agency conducted searches on October 7 at about 70 premises spread across Mumbai, Pune, Baramati, Goa and Jaipur in connection with the case.

The tax officials seized unaccounted cash of Rs 2.13 crore and jewellery of Rs 4.32 crore.