<h1>Income Tax Raids Uncover Over Rs. 125 Crore in Unaccounted Income from Asansol Business Groups in Iron and Agro-Tech Sectors.</h1> The Income Tax Department conducted searches on December 16, 2021, targeting two major business groups in Asansol, West Bengal, involved in sectors like iron and steel, infrastructure, and agro-tech. Over 30 locations were searched, uncovering incriminating evidence such as SD cards and digital data detailing unaccounted cash sales and parallel accounting. One group admitted to generating over Rs. 66 crore in unaccounted income during FY 20-21. Evidence also revealed Rs. 20 crore in unsubstantiated purchases and over Rs. 40 crore routed through shell companies. The operation seized over Rs. 2 crore in unaccounted cash and jewelry, detecting unaccounted income exceeding Rs. 125 crore. Investigations continue.