<h1>Tax Raid Uncovers Rs. 800 Crore in Unaccounted Transactions by Real Estate Developers in Andhra Pradesh and Telangana.</h1> The Income Tax Department conducted search and seizure operations on January 5, 2022, targeting three real estate developers in Andhra Pradesh and Telangana, focusing on areas like Kurnool and Ananthapur. Over two dozen locations were searched, revealing incriminating documents and digital data. One group was found using modified software to conceal unaccounted cash transactions by aligning recorded sales with registered prices. The developers accepted cash beyond registered property values, using it for land purchases and other expenses. The operation uncovered unaccounted cash of Rs. 1.64 crore and transactions amounting to Rs. 800 crore, with further investigations ongoing.