<h1>Income Tax Raids in Punjab Uncover Rs. 190 Crore in Unaccounted Income from Cycle and Immigration Businesses.</h1> The Income Tax Department conducted search and seizure operations on two groups in Punjab. The first group, involved in the cycle business, was found suppressing income through bogus transactions and cash sales, revealing unaccounted income of Rs. 150 crore, with seizures of Rs. 2.25 crore in cash and Rs. 2 crore in gold. The second group, offering immigration services, charged students in cash, hiding over Rs. 200 crore in receipts over five years. This group disclosed only commissions from universities, leading to the detection of Rs. 40 crore in unaccounted income, with seizures of Rs. 20 lakh in cash and Rs. 33 lakh in jewelry. Investigations continue.