<h1>Income Tax Department Raids Uncover Tax Evasion by Indian Firms with Foreign Links; Rs. 66 Lakh Cash Seized.</h1> The Income Tax Department conducted search operations on Indian companies in Maharashtra, Gujarat, and Delhi, controlled by a neighboring country. These companies, involved in chemicals, machinery parts, and injection molding, were found evading taxes by manipulating accounts and transferring funds through shell companies. Approximately Rs. 20 crore was transferred over two years. A Mumbai-based firm facilitated these operations by creating shell companies and providing dummy directors. One company routed purchases through Marshall Island to evade taxes. The searches led to the seizure of Rs. 66 lakh in unaccounted cash and the restraint of bank accounts with Rs. 28 crore. Further investigations are ongoing.