MUMBAI: Income Tax (I-T) searches 25 premises of a business group allegedly involved in generation of unaccounted cash through bogus bills in Mumbai and Rajasthan last week.
The I-T unearthed unaccounted income over Rs 100 crore and seized Rs 1.3 crore cash along with gold jewellery worth Rs 7.9 crore during the searches. The group recently acquired a few shell companies through entry operators, said I-T. Such shell companies have mostly been used for layering of unaccounted money.
