<h1>Income Tax Raids in Srinagar Expose Rs. 105 Crore in Unaccounted Assets Across Real Estate, Hospitality, and Education Sectors.</h1> The Income Tax Department conducted searches on a group of three assessees in Srinagar, uncovering unaccounted cash and assets. Searches at 15 locations revealed undisclosed investments and cash transactions totaling Rs. 105 crore. The group, involved in various businesses including real estate and hospitality, failed to file corresponding tax returns. A significant mall and residential projects were found with unexplained investments of Rs. 25 crore and Rs. 20 crore, respectively. Additionally, a school trust misused funds for personal expenses. An engineering firm linked to the group also failed to file tax returns, despite significant consultancy earnings. Further investigations are ongoing.