<h1>Income Tax Department Uncovers Major Tax Evasion in Jharkhand's Coal and Iron Ore Sectors; Over Rs 100 Crore Unaccounted.</h1> The Income Tax Department conducted a search and seizure operation on several business groups in Jharkhand involved in coal trading, civil contracts, and iron ore extraction. The operation targeted over 50 locations, including premises linked to two politically exposed individuals. Incriminating documents and digital evidence were seized, revealing tax evasion tactics like inflated expenses and cash transactions. Unexplained investments in properties and unaccounted stock of iron ore were discovered. Unsecured loans were introduced through shell companies, and professionals admitted to negligence in audits. Over Rs 2 crore in undisclosed cash was seized, with unaccounted transactions exceeding Rs 100 crore. Investigations continue.