<h1>Income Tax Department Uncovers Massive Unaccounted Transactions at Jalna Steel Mills; Seizes Cash and Jewelry Worth Crores.</h1> The Income Tax Department conducted a search and seizure operation on September 23, 2021, targeting four major steel rolling mills in Jalna, Maharashtra. These companies, involved in manufacturing steel TMT bars and billets, were found to engage in large-scale unaccounted financial transactions outside their regular books. The operation spanned over 32 locations, revealing incriminating documents and digital evidence of inflated purchases, unaccounted cash expenses, and investments. Unaccounted purchases exceeded Rs. 200 crore, with unaccounted cash and jewelry worth over Rs. 3.17 crore seized. The companies disclosed additional income of Rs. 71 crore, and investigations are ongoing.