<h1>Income Tax Department Uncovers Rs. 160 Crore Tax Evasion in Hyderabad; Contractor Admits to Fraudulent Activities.</h1> The Income Tax Department conducted a search and seizure operation in Hyderabad on January 7, 2021, targeting a prominent civil contractor in Telangana involved in tax evasion through bogus sub-contracts and shell entities. The operation spanned 19 locations, uncovering a network of individuals engaged in generating unaccounted cash via fake billing and Input Tax Credit fraud. Evidence, including digital data, revealed accommodation entries exceeding Rs. 160 crore. Statements from entry operators and their associates corroborated the money trail. The contractor admitted to the fraudulent activities, and further investigations are ongoing.