<h1>Income Tax Raid Uncovers Rs. 200 Crore Tax Evasion by Kolkata Cement and Real Estate Group; Cash and Lockers Seized.</h1> The Income Tax Department conducted search and seizure operations on November 16, 2021, targeting a Kolkata-based group involved in cement manufacturing and real estate. The operation spanned 24 locations across Kolkata, Delhi, Assam, and Meghalaya. Significant evidence of tax evasion was uncovered, including suppressed production, under-invoiced sales, inflated purchase costs, and unaccounted cash expenditures. The group allegedly used paper companies for accommodation entries and conducted transactions involving unexplained loans and bogus commissions. Unaccounted cash amounting to Rs. 1.30 crore was seized, and six bank lockers were restrained. The investigation has revealed approximately Rs. 200 crore in unaccounted income, with further inquiries ongoing.