<h1>Income Tax Raids Uncover Rs. 94 Crore in Unaccounted Cash, Jewelry, and Luxury Watches Across Four Indian States.</h1> The Income Tax Department conducted search and seizure operations on October 12, 2023, targeting government contractors, real estate developers, and associates across Karnataka, Andhra Pradesh, Telangana, and New Delhi. The operation covered 55 premises, uncovering significant evidence of tax evasion through inflated expenses, bogus purchases, and non-genuine claims. The searches revealed unaccounted cash transactions, undisclosed assets, and discrepancies in documentation related to sub-contractors. Unaccounted cash totaling approximately Rs. 94 crore and gold and diamond jewelry valued over Rs. 8 crore were seized. Additionally, 30 luxury wristwatches were found at a private employee's residence. Further investigations are ongoing.