The Income Tax Department carried out search and seizure operations in border districts of Rajasthan on 28.10.2021 covering 33 premises at different locations, where the groups are carrying on business of real estate, sand-mining and liquor trade.

During the course of the search, documentary evidences were found and seized indicating receipt of unaccounted cash as well as utilisation of the same towards purchase of land. Further, documentary evidence of cash sales of sand has been found and seized. The analysis of the same reveals that part of these cash sales have not been recorded in the books of accounts.

The search operation has resulted in seizure of unaccounted cash of ₹ 2.31 crore and unexplained jewellery of ₹ 2.48 crore.

The search action has led to the detection of total unaccounted income exceeding ₹ 50 crore. Out of the above, the assessees have admitted unaccounted income exceeding ₹ 35 crore and offered to pay due taxes on the same.

Further investigations are in progress.

Search and seizure operations uncover unaccounted income and related evidence, with some assessees admitting income and offering tax payment. Search and seizure operations in Rajasthan targeting real estate, sand mining and liquor businesses produced documentary evidence of unaccounted cash receipts and cash sales not recorded in books; seizures included unaccounted cash and jewellery, detection of substantial unaccounted income, admissions by some assessees with offers to pay due taxes, and ongoing further investigation.