Invested money by luring 'assured returns' Search completed on 4 builders, Rs 10 crore cash and jewellery, undisclosed transactions worth Rs 750 crore found | Invested money by luring them with 'assured returns': Search completed on 4 builders, Rs 10 crore cash and jewellery, undisclosed transactions worth Rs 750 crore found

Income tax officials coming out of one of the builder's locations after completing the search.

Income tax raid was completed on four builders (Bhutani Infra, Group 108, Advent, Logics) and two broker companies in Noida in the name of selling commercial space. Late evening, cash, jewelery and documents recovered from all 28 locations have been confiscated. These documents are being verified. This process will take about a month. In these six days of search, Income Tax found more tax evasion than expected, undeclared transactions worth more than Rs 750 crore and more than 1000 agreements.

Apart from this, cash and jewelery worth Rs 10 crore was found. this cash amount