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of <h1>Income Tax Raid in Kerala Uncovers Rs. 200 Crore in Unaccounted Income and Unrecorded Cash Sales Across Multiple Locations.</h1> The Income Tax Department conducted a search and seizure operation on January 5, 2022, targeting two groups involved in quarry operations across Kerala. The operation covered over 35 locations in Kottayam, Eranakulam, Thrissur, Palakkad, and Kannur. Incriminating documents and digital evidence were seized, revealing unrecorded cash sales and investments in immovable properties, cash loans, and other businesses. Evidence of on-money property payments and undisclosed bank deposits was also found. The operation uncovered unaccounted cash exceeding Rs. 2.30 crore and estimated unaccounted income of Rs. 200 crore. Further investigations are ongoing.
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