<h1>Income Tax Raid in Kolkata Uncovers Rs. 300 Crore Concealed Income; Seizes Cash, Jewelry, and Restrains Bank Lockers.</h1> The Income Tax Department conducted search and seizure operations on February 5, 2021, targeting several business groups in Kolkata involved in pharmaceuticals, diagnostics, and hospitals. The investigation, based on financial analysis and market intelligence, covered over 17 locations in Kolkata, Haridwar, and Bhubaneswar. It uncovered evidence of shell entities used for bogus share capital and unsecured loans, cash property renovations, and off-the-books transactions. A finance broker confirmed these activities. The operation revealed Rs. 300 crore in concealed income, with Rs. 87 lakh in cash and Rs. 61 lakh in jewelry seized. Eight bank lockers were restrained, and the groups admitted to Rs. 50 crore in undisclosed income. Further investigations are ongoing.