<h1>Income Tax Raid in Neyveli Uncovers Rs. 250 Crore in Unaccounted Real Estate Cash Transactions; Investigation Continues.</h1> The Income Tax Department conducted a search and seizure operation on December 16, 2021, targeting a group based in Neyveli, Tamil Nadu, involved in chit funds, finance, real estate, and educational institutions. The operation spanned 30 locations, uncovering a cloud server with secret accounts maintained by key individuals. Seized evidence revealed unaccounted income from chit fund activities and cash deposits, used for real estate investments. The investigation suggests unaccounted cash transactions in real estate amounting to Rs. 250 crore, with over Rs. 12 crore in unaccounted cash seized. Further investigations are ongoing.