I-T department detects illegal income of Rs 70 crore of Karnataka firm

Various premises of the firm based in North Karnataka were searched by the ED last month. The group is engaged in construction of roads and irrigation projects.

The Income Tax (I-T) department has detected unaccounted income of Rs 70 crore allegedly generated by a Karnataka-based group that is engaged in construction of roads and irrigation projects, officials said.

The tax officials had initiated a search and seizure operation on the business group on October 28. Various premises of the group in North Karnataka were searched by the ED.