Income tax department unearthed undisclosed income of 35 crore in Rajasthan

An Information Technology (IT) Education and Multilevel Marketing group has surrendered undisclosed income of more than Rs 35 crore, before the Income Tax Department for taxation. The disclosure, biggest ever in Rajasthan, was made during the course of raids and survey conducted by the departmental sleuths at the group premises here and in Jhunjhunu town.

The search was conducted on five premises by teams 55 personnel which resulted in the seizure of uncounted assets of Rs 3.32 crore including cash amount of Rs.41 lakh.

Incriminating papers relating to huge investment in immovable properties had also been found even as investigation and assessment were in progress,, the spokesman added.