<h1>Income Tax Department Raids 130 Premises of South Indian Jewellery Chains for Alleged Tax Evasion Post-Demonetization.</h1> The Income Tax Department conducted extensive searches across 130 premises of two major south India-based jewellery chains, including a Kerala-based group, on allegations of tax evasion. The raids spanned multiple cities, including Chennai, Hyderabad, and Thrissur, as well as locations in Kerala, Karnataka, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Delhi, and West Bengal. The operation, coordinated by the Chennai wing, involved over 100 tax officials and police teams. The investigation focuses on alleged tax evasion activities following demonetization, with significant cash deposits and sales figures of gold, diamonds, and jewellery being scrutinized.