I-T Dept detects â¹100 cr evasion by catering firms in Delhi
The Income Tax Department has unearthed black money and undisclosed income of over â¹100 crore after raids on 3 major catering and tent firms in Delhi-NCR region. Cash amount of â¹1.82 crore and jewellery worth â¹2.4 crore have been seized. The department found that operators were largely "dealing in cash" and were evading tax by under-reporting sales and service charges.