<h1>Income Tax Raids Uncover Rs. 150 Crore Unreported Income in Tamil Nadu Educational Group; Evidence of Tax Evasion Found.</h1> The Income Tax Department conducted searches on a business group in Namakkal, Tamil Nadu, involved in running educational and coaching institutes. The search covered 17 locations, including residential premises, and was based on intelligence of significant tax evasion through unreported cash fee receipts. Evidence of suppressed receipts was found in diaries, electronic devices, and unaccounted cash totaling about Rs. 30 crore. The group allegedly used these funds to acquire properties as personal investments, leasing them to a trust for expansion. Highly paid faculty were also compensated off the books. The group's undisclosed income is estimated at over Rs. 150 crore, and the investigation continues.