<h1>Income Tax Raid in Surat Uncovers Rs. 650 Crore in Unaccounted Transactions and Seizes Cash and Jewelry.</h1> The Income Tax Department conducted a search and seizure operation on a major group in Surat involved in construction, land transactions, and real estate financing. The operation covered over 40 locations in Surat and Mumbai, uncovering incriminating evidence including parallel books of account and coded transactions. Preliminary analysis revealed unaccounted cash receipts exceeding Rs. 300 crore from sales not recorded in official accounts, unexplained investments over Rs. 200 crore, and loans exceeding Rs. 100 crore. The operation resulted in the seizure of Rs. 4 crore in cash and Rs. 3 crore in jewelry, with ongoing investigations into undisclosed receipts totaling over Rs. 650 crore.