<h1>Income Tax Department Uncovers Rs. 700 Crore in Unaccounted Income from Steel Group in West Bengal.</h1> The Income Tax Department conducted a search and seizure operation on September 17, 2021, targeting a major steel manufacturing group in West Bengal. The operation covered 25 premises across various locations, uncovering significant incriminating documents and digital evidence related to unaccounted income from activities like cash sales, bogus purchases, and under-reported production. Evidence indicated the use of unaccounted income for unsecured loans and shell company transactions. Over Rs. 700 crore in incriminating evidence was found, with Rs. 20 lakh in unaccounted cash seized. An entry provider linked to the group was also implicated, with documents revealing extensive use of shell companies and bank accounts to launder money. Further investigations are ongoing.