Income Tax Department conducts searches in Chennai



Quick Summary
The Income Tax Department has launched a significant search operation targeting a prominent business group in Chennai with diverse operations. The searches are extensive, covering approximately 60 locations across Tamil Nadu, Karnataka, Andhra Pradesh, and Maharashtra. So far, officials have discovered over £7 crore in unaccounted cash from a key individual involved in the group. The investigation is ongoing.

IT Department is conducting search operation on prominent business group of Chennai having varied business activities. About 60 premises being covered across TN, Karnataka, AP Maharashtra. More than Rs.7 crore of unaccounted cash found from key-person so far. Search is still in progress.
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Community
  • Daily E-Newsletter
  • Unlimited News Access
  • Profile Visitors
  • Link Social Profiles
  • Featured Job Posts
  • Pro Badge
  • Expert GST Guidance
  • Unlimited Forum Replies
  • Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 011-411-70713

FAQ :

The Income Tax Department is conducting a search operation on a prominent business group based in Chennai.

Around 60 premises are being covered in the search operation.

The search operations are taking place across Tamil Nadu, Karnataka, Andhra Pradesh, and Maharashtra.

Yes, more than £7 crore of unaccounted cash has been found from a key person so far.

No, the search operation is still in progress.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »

Popular News





CCI Pro



Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details