<h1>Income-Tax Department Raids Uncover Rs. 1,000 Crore in Undisclosed Foreign Assets, Domestic Tax Evasion by Bharat Hotels Group.</h1> The Income-Tax Department's raids on the Bharat Hotels group, which operates the Lalit Hotels chain, uncovered over Rs. 1,000 crore in undisclosed foreign assets and significant black money held abroad. The Central Board of Direct Taxes (CBDT) revealed these assets include investments in a UK hotel, properties in the UK and UAE, and foreign bank deposits. Additionally, domestic tax evasion of over Rs. 35 crore was identified. The raids led to the seizure of unaccounted assets worth Rs. 24.93 crore, including cash, jewelry, and expensive watches. The Bharat Hotels group is a major player in the hospitality industry with luxury hotels in India and abroad.