Undisclosed income worth over ₹500 cr detected as IT raids Chennai bullion firm

Undisclosed income of over Rs 500 crore has been uneathed by the Income Tax department during multiple raids at the premises of a leading bullion trading firm in Chennai, the CBDT said on Thursday. The searches were carried out at 32 locations in Chennai, Mumbai, Kolkata, Coimbatore, Salem, Trichy, Madurai and Tirunelveli on Tuesday.

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