<h1>Income Tax Raids in Ludhiana Uncover Unaccounted Cash, Foreign Exchange, and Jewelry Worth Crores from Real Estate Developers.</h1> The Income Tax Department conducted search and seizure operations on two prominent real estate developers in Ludhiana, covering approximately 40 locations. The investigation revealed that these groups received unaccounted cash through on-money transactions in property deals. Documents such as sale agreements, loose sheets, and mobile data indicated higher transaction values than those recorded in official sale deeds. Evidence of unaccounted cash expenditures and non-compliance with tax deduction at source provisions was also found. The operation resulted in the seizure of unaccounted cash worth Rs. 2 crore, foreign exchange, and unexplained jewelry valued at Rs. 2.30 crore. Further investigations are ongoing.