<h1>Income Tax Department Uncovers Rs. 250 Crore Tax Evasion by Kolkata Manufacturing Group Using Shell Companies and Bogus Expenditures.</h1> The Income Tax Department conducted a search and seizure operation on a prominent manufacturing group in Kolkata on August 24, 2022. The operation spanned 28 locations in West Bengal and Jharkhand, uncovering significant tax evasion tactics. Evidence revealed bogus expenditures, undisclosed cash sales, and unaccounted cash used for property acquisitions and loans. The group allegedly used shell companies to launder unaccounted money as share capital or unsecured loans. An entry operator facilitated accommodation entries through numerous shell companies, amounting to over Rs. 150 crore. The operation has detected unaccounted income exceeding Rs. 250 crore, with further investigations ongoing.