Black income of ‘over Rs 200-cr’ detected in I-T raids on TN film producers, financiers: CBD

New Delhi: The income-tax department has detected “undisclosed” income of more than Rs 200 crore after it recently raided some film producers, distributors and financiers in Tamil Nadu, the CBDT said on Saturday.
The searches were launched on August 2 and about 40 premises of the entities, which have not been identified, were covered in Chennai, Madurai, Coimbatore and Vellore.
The department claimed to have seized Rs 26 crore “undisclosed” cash and gold jewellery of more than Rs 3 crore during the raids.
So far, the search operation has resulted in the detection of undisclosed income of more than Rs 200 crore, the Central Board of Direct Taxes (CBDT) said in a statement. —PTI

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