<h1>Income Tax Raid in Kolkata Uncovers Rs. 365 Crore Concealed Income in Real Estate and Stock Broking Sectors.</h1> The Income Tax Department conducted search and seizure operations on three real estate and stock broking groups in Kolkata on January 5, 2021. The investigation, prompted by financial analysis and market intelligence, uncovered evidence of shell entities used for bogus share capital and unsecured loans, along with out-of-book cash transactions and un-booked revenue from flat sales. The operation revealed a total income concealment of Rs. 365 crore, with the groups admitting to Rs. 111 crore of undisclosed income. Authorities seized unaccounted cash of Rs. 3.02 crore and jewellery worth Rs. 72 lakh. Further investigations are ongoing.