<h1>Income Tax Raids Uncover Massive Tax Evasion in Construction, Real Estate, and Education Sectors Across India.</h1> The Income Tax Department conducted searches on December 18, 2021, targeting individuals and businesses in civil construction, real estate, and education sectors across Uttar Pradesh, Karnataka, and other locations. The operation uncovered significant tax evasion involving bogus expenditures and shell companies. One company admitted to Rs. 68 crore in undisclosed income, while another failed to produce records for Rs. 150 crore in turnover. A Kolkata-based operator facilitated bogus share capital and loans totaling Rs. 562 crore. A Bengaluru trust misused funds, violating tax and FEMA laws. The searches resulted in the seizure of Rs. 1.12 crore in unaccounted cash, with further investigations ongoing.