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Rs. 700 crores of undisclosed income detected during search conducted in Tamil Nadu: CBDT

August 12, 2019
Income-tax department has conducted a search action in Tamil Nadu and detected more than Rs. 700 crores of undisclosed income. The modus operandi involved over invoicing of purchase of raw materials & inflated value of payment received from suppliers. Further, 4.5 crore cash was also recovered from the car in which the employees were moving the unaccounted cash.
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