I-T Dept detects ₹600 cr unaccounted income after raids in Gurugram

The Ministry of Finance said the Income Tax Department detected unaccounted income of about ₹600 crore after raids on two business groups in Gurugram. One group is engaged in real estate and hospitality and the other is a tools and equipment manufacturing group. Documents and data relating to bogus unsecured loans, evasion of capital gains, etc were seized, it added.