<h1>Income Tax Raid Uncovers Rs. 142.87 Crore in Cash and Unaccounted Income at Major Pharma Group in Hyderabad.</h1> The Income Tax Department conducted search and seizure operations on a prominent pharmaceutical group in Hyderabad on October 6, 2021. The group, involved in manufacturing and exporting pharmaceutical products, was searched at approximately 50 locations across six states. Authorities discovered hidden accounts, cash, and incriminating digital evidence. Discrepancies were found in transactions with bogus entities, inflated expenses, and on-money payments for land purchases. Personal expenses recorded in company accounts and undervalued land purchases by related parties were also identified. The operation resulted in the seizure of Rs. 142.87 crore in unexplained cash, with unaccounted income estimated at around Rs. 550 crore. Further investigations are ongoing.